Home / Market Beat / Fuel prices may be hiked. Markets down.

Fuel prices may be hiked. Markets down.

Markets have witnessed trades on the downside, with the Asian markets also showing signs of weakness. The weakness is expected to be continued through out the session as the Fed’s meeting on the reserve policy is happening today.

The Sensex has fell by 45.33 points to 17,721.45 and the Nifty has declined 21 points to 5,342.70.

BPCL rallied 1.5% ahead of cabinet meeting on fuel price hike today after market hours. HPCL surged 1.6% and IOC rose 1%. ONGC too gained 1% as it shares subsidy burden with oil retailers.

Sesa Goa and Sterlite tanked 4.5% on mining ban in Goa.

JP Associates, Larsen & Toubro, BHEL, Hindalco Industries, Tata Steel, Axis Bank, JSPL, Bank of Baroda and PNB too were down.

Cipla, ITC, Sun Pharma and Dr Reddy’s Labs were on buyers’ radar.

The CNX Midcap Index fell 10 points to 7,244.

Opto Circuits surged 2%. Deccan Chronicle Holdings rose 3%, while Arvind mills was up 0.3%.


 

 

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