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Bulls take breather: Sensex, Nifty flat; SBI slips 2%

HDFC Bank, HUL, Sesa Sterlite, Caol India and Cipla are top gainers while Bharti, TCS, Tata Motors, SBI and Hero are among laggards.

11:00

The News International Team

Bulls seem to be tired and taking rest after the strong rally yesterday. The Sensex is down 9.99 points at 28065.56 and the Nifty is down 1.85 points at 8492.30.  About 1308 shares have advanced, 966 shares declined, and 298 shares are unchanged.

HDFC Bank, HUL, Sesa Sterlite, Caol India and Cipla are top gainers while Bharti, TCS, Tata Motors, SBI and Hero are among laggards.

The rupee is weaker tracking global forex volatility after the Swiss National Bank moved to abandon the Swiss Franc’s cap against the euro yesterday.

Globally, risk off is evident as the Japanese yen is trading at near 1-month high dragging the Nikkei lower. Shanghai, however, manages to buck the trend. Oil prices edge up on technical momentum while gold is looking to close the best week of gains in 10 months. 

10:00

Sensex holds 28000 amid pressure; Sun TV, SpiceJet in focus

Shares of SpiceJet jumped 10 percent as investors queued up for buying shares of the low-cost carrier after Ajay Singh decided to take complete control of the company which has been struggling with financial problems. Sun TV Network gained 9 percent as brokerages believe the SpiceJet deal removed a major overhang on the stock.

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09:15

Sensex, Nifty in red; TCS drags 2%, HUL gains 1%Read More »

HDFC, HUL, Axis Bank, Sesa and Cipla are top gainers in the Sensex while GAIL, Maruti, Tata Steel, BHEL and HDFC are losers.

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