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Stock Market News - Maruti Suzuki, Tata Motors top losers, metals lose shine

Maruti Suzuki, Tata Motors top losers - Tata Motors, Maruti Suzuki shares emerged among the biggest losers, shedding up to 2%. Sun Pharma, Bharti Airtel was trading up to 1% higher.


NEWS ALERT | 

1. L&T Technology Services wins new electrification project from European automobile OEM

2. UltraTech Cement said investor meetings would be held on September 9 and 10 which will be attended by the representatives of the company. 

Metal Index About To Turn Oversold Technically, Metal Index doubled in 2 years as it gained 2,800 points over 1,400, however, in the last 21 months it has lost about 2,100 points, which is nearly 75 percent erosion."It implies that the sector is about to turn oversold and we could see starting of value buying or contra buying at the current or little lower levels," Shrikant Chouhan, Senior VP - Technical Research at Kotak Securities said.

CATCH ALL THE MARKET UPDATES - 
  • ABB trades in the red
  • NBCC trades 2% higher
  • Shilpa Medicare zooms 4%
  • Varun Beverages slips in trade
  • Hero MotoCorp trades 1% lower
  • Gail trades flat with negative bias
  • Eveready Industries trades higher
  • Maruti Suzuki trades with over 2% cut
  • Equitas Holdings slumps nearly 8% in Opening Trade
Rupee opens 5 paise higher at 71.67 against US dollar - The rupee on Monday opened five paise higher at 71.67 against the US dollar amid a rise in crude oil prices and Asian equities. The domestic unit continued its winning momentum for the third session in a row on Friday, rising 12 paise to settle at 71.72

TOP GAINERS & LOSERS - 

Asian Paints Indiabulls Housing, UPL and Sun Pharma and Cipla, are among major gainers on the indices, while losers are Maruti Suzuki, Tata Motors, Eicher Motors, M&M, Hero MotoCorp, HDFC Bank, Kotak Mahindra Bank, Axis Bank, and JSW Steel, Yes Bank, TCS, and Bajaj Finance.b Among sectors, except pharma other indices are trading lower led by auto, metal, energy, bank and IT.

Market News | Sensex | Bank Nifty | Gold | Crude | Indian Rupee

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