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Nifty struggles below 8350; Sun Pharma, ITC under pressure

Shares of ITC, Sun Pharma and Hindustan Unilever topped the selling list, falling 1-2 percent followed by HDFC, Tata Motors, Reliance Industries and Bajaj Auto with marginal loss.

10:09

The News International Team

Nifty struggles below 8350; Sun Pharma, ITC under pressure

Equity benchmarks remained in a consolidation mode after seeing more than a percent fall in previous session. The Sensex rose 2.43 points to 27799.44 while the Nifty declined 2.20 points to 8338.50.

However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.6 percent each. More than two shares advanced for every share declining on the Bombay Stock Exchange.

Shares of ITC, Sun Pharma and Hindustan Unilever topped the selling list, falling 1-2 percent followed by HDFC, Tata Motors, Reliance Industries and Bajaj Auto with marginal loss.

However, Infosys, ONGC, State Bank of India, Hero Motocorp, ICICI Bank, Axis Bank, Bharti Airtel, HDFC Bank, TCS and BHEL rose 0.2-1 percent.

Metal stocks like Tata Steel, Hindalco Industries and Sesa Sterlite gained nearly a percent as Cabinet may decide coal auction floor price today. Cabinet may decide to fix floor price of Rs 150 per tonne, reports CNBC-TV18. Tata Power climbed over 2 percent.

09:15

Sensex, Nifty in red; Bharti up 2%, Tata Motors falls 2%

Bharti is up 2 percent while Dr Reddy’s Labs, Wipro, Hero and ITC are top gainers in the Sensex. Among the losers are Tata Motors, SBI, Sesa Sterlite, GAIL and BHEL.

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