Home / Market Beat / Nifty sheds off opening gains. Maruti declines 3%

Nifty sheds off opening gains. Maruti declines 3%

Maruti SuzukiShares of Maruti have seen a cut of over 3% in today’s trade, after it has announced that Suzuki’s Gujarat based plant will neither make any losses nor add on any cash surpluses. The stock has declined to 1612, as investors have resorted to shelving off the shares of Maruti Suzuki.

The Nifty is struggling to hold at 6250, up by 12 points. The Sensex is up by 62 points at 21048.

Stocks that have been seeing some action include Ranbaxy and Tata Steel – both down by more than a percent each. JP Associates, HDFC Bank, Grasim and Lupin have all seen declines of 1%.

On the winning side, Dr. Reddy’s continues to make superb moves with today’s 3% gains. The stock is currently quoting at 2919.

Metal major Hindalco is also up by 2.1% at 101.

Tata Motors, BPCL, BHEL and Coal India have all gained nearly a percent each.

The rupee has opened lower in today’s trade, down by 12 paise at 62.10 v/s USD as it closed at 61.98 yesterday.



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