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Thursday, August 04, 2016

Sensex, Nifty, Midcap rangebound; Tata Steel, BoB, Bharti rally




Equity benchmarks as well as broader markets continued to consolidate after investors digested the passage of GST Bill.

The 30-share BSE Sensex was down 47.75 points at 27649.76 and the Nifty declined 19.55 points to 8525.30.

Tata Motors surged nearly 4 percent after strong US sales growth in July by Jaguar Land Rover followed by Tata Steel (up 3 percent), Sun Pharma, Bharti Airtel, Adani Ports, Bank of Baroda and Hero Motocorp.

ICICI Bank, Asian Paints, Infosys, ITC, HDFC, Lupin and SBI were under pressure.
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