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Wednesday, November 4, 2015

Sensex, Nifty trim gains; Tata Motors zooms, Eros up again

Equity benchmarks erased more than half of gains. The Sensex rose 71.06 points to 26661.65 and the Nifty advanced 12.10 points to 8072.80.
About 1338 shares have advanced, 769 shares declined, and 104 shares are unchanged on the BSE.

Tata Motors surged more than 5 percent on strong JLR US sales data. October JLR sales in US surged 76.1 percent at 8,187 units from 4,650 Units in year-ago period. Its Land Rover US sales were up 97.6 percent at 7,199 units in October from 3,643 Units year-on-year. However, Jaguar’s sales was down 1.9 percent at 988 units from 1,007 units (Y-o-Y).
Eros International gained 6 percent again today. Rajesh Exports, HSIL, Jain Irrigation and Ratnamani Metal were other top midcap gainers, up 3-5 percent.

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