Wednesday, 14 December 2016

Sensex, Nifty sluggish; Cipla, L&T, Adani Ports fall

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The market is sluggish with the Nifty struggling below 8200. The 50-share index is down 22.75 points or 0.3 percent at 8199.05 and the Sensex is down 34.75 points or 0.1 percent at 26663.07. About 1070 shares have advanced, 1010 shares declined, and 118 shares are unchanged. Axis Bank, Reliance, Asian Paints, Wipro and Tata Motors are gainers while Coal India, HDFC, Cipla, L&T and Adani Ports are losers in the Sensex. 

The rate hike by US Federal Reserve is very much on the cards because inflationary pressures are beginning to creep up in the US economy. Wage growth too has picked up with a strong performance of the labour market.

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