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Sensex, Nifty still weak; IT stocks gain, Coal India up

IT stocks are on buyer’s radar while Coal India and Bharti Airtel are top gainers in the Sensex. Among the losers are NTPC, GAIL, ICICI Bank, HUL and Tata Motors.

12:00

The News International Team

The market is still reeling under selling pressure as the Sensex is down 120.13 points at 28349.54. The Nifty is down 41.95 points at 8592.70. About 649 shares have advanced, 1763 shares declined, and 154 shares are unchanged.

IT stocks are on buyer’s radar while Coal India and Bharti Airtel are top gainers in the Sensex. Among the losers are NTPC, GAIL, ICICI Bank, HUL and Tata Motors.

Meanwhile, Greek Prime Minister Alexis Tsipras assured European Union creditors at late-night crisis talks in Brussels that his leftist-led coalition would present soon a full set of economic reforms in order to unlock cash to stave off bankruptcy.

After two months of mounting frustration on both sides since Tsipras was elected with a mandate to end years of austerity imposed by creditors’ conditions, the three-hour meeting on the sidelines of an EU summit was requested by Tsipras to break an impasse that risks seeing Athens stumble out of the euro zone.

But while a joint statement by the EU institutions spoke of a “spirit of mutual trust” and Tsipras said he left feeling more optimistic, German Chancellor Angela Merkel stressed no money would be released before Athens implements budget measures and other reforms that it has so far been reluctant to consent to.

11:00

Nifty hovers around 8600; NTPC tanks 7%, GAIL & BHEL slip

NTPC drags 7 percent while GAIL is down 3 percent. BHEL, ICICI Bank and Tata Motors are top losers in the Sensex. Among top gainers are Wipro, Infosys, HDFC, Sun Pharma and Dr Reddy’s Labs.

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10:00

Sensex, Nifty sluggish; Sun Pharma, Bharti, Wipro gainersRead More »

Sun Pharma, Bharti Airtel, Wipro, Dr Reddy’s Labs and Infosys are top gainers in the Sensex. NTPC, GAIL, BHEL, Tata Motors, Axis Bank are among losers in the Sensex.

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09:15

Sensex, Nifty under pressure on weak global cuesRead More »

Wipro, Sun Pharma, Tata Power, Coal India, Cipla, Lupin and Dr Reddy’s Labs gained 0.5-1 percent. However, NTPC tanked 7 percent as it is ex-date for bonus issue for debenture holders.

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