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Nifty below 7900. Steel and Power stocks drag

Market trades flat on coal scam announcement. Nifty gains 7 points with 23 advances and 27 declines. Sensex gains 30 points with 16 advances and 14 declines.

Pidilite industries gains more than 4%. Havells India gains 3%. Muthoot Finance, Emami Limited and Ranbaxy gains more than 2% on the current trading session.  CNX Pharma and CNX Pharma are in green region.

Coal block allegation pulls down Jindal steel by 5%. Bhusan steel loss story goes on. Coal scan effect pulls down power stocks like Adani Power, JP Power and Reliance Power by more than 4%. CNX Energy and CNX Infra are in red region.

Jindal steel tops the turnover list in BSE.

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