Thursday, 7 April 2016

Nifty seen heading towards 7,550; HDFC, Maruti Suzuki dip 3%

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The S&P BSE Sensex was down 202 points at 24,968 and the Nifty50 was down 52 points at 7,562. In the broader market, the BSE Midcap and Smallcap indices were trading flat with mixed bias. Market breadth was neutral with 956 losers and 934 gainers on the BSE.


HDFC was the top loser down 3% on reports that the mortgage lender is planning to make an additional one-time special provision of Rs 450 crore in the fourth quarter ended March 2016, to further strengthen balance sheet.

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