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Sensex, Nifty volatile; Tata Steel up 4%, SBI Wipro drag

Metal stocks are still holding up gains with Tata Steel leading the pack with 4 percent gains. Coal India, Maruti, Cipla and Tata Power are other gainers in the Sensex. Among the losers are M&M, Wipro, NTPC, Sun Pharma and SBI.

11:00

The News International Team

The market has given up all its gains to trade at the lowest point in the session as select technology and auto stocks drag. The Sensex is down 96.44 points at 27793.69 and the Nifty is down 16.40 points at 8413.30.  About 1305 shares advanced, 861 shares declined and 133 shares were unchanged.

Metal stocks are still holding up gains with Tata Steel leading the pack with 4 percent gains. Coal India, Maruti, Cipla and Tata Power are other gainers in the Sensex. Among the losers are M&M, Wipro, NTPC, Sun Pharma and SBI.

Meanwhile, rating agency Moody’s today said emerging economies in Asia Pacific region, including India, have a high degree of immunity to external shocks, but will face challenges when the US Federal Reserve begins raising interest rates. “A common challenge for emerging economies in the region will come when the US Federal Reserve begins to raise interest rates. “Asia Pacific sovereigns generally exhibit strong external payments positions and government debt profiles relative to peers elsewhere in the world – factors that should stand them in good stead,” Moody’s Investors Service said.

Asian markets trade mostly higher today. Shanghai sees choppy trade after weak China PMI data. Brent is above USD 62 per barrel.

10:00

Sensex slips into red, Nifty flat; Jet up 3%, M&M falls 1%

The Sensex is down 27.28 points at 27862.85 and the Nifty is up 4.20 points at 8433.90. About 1382 shares have advanced, 735 shares declined, and 128 shares are unchanged.

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09:13

Sensex, Nifty strong; BHEL, HDFC Bank, TCS top gainersRead More »

BHEL, HDFC Bank, Sun Pharma, TCS and Tata Steel are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, GAIL, M&M and Bharti Airtel.

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