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Sensex, Nifty under pressure on weak global cues; TCS drags

TCS, Vedanta and Cipla topped selling list on Sensex, down more than 2 percent followed by Infosys, Reliance Industries, HDFC, ITC, ICICI Bank, L&T, HDFC Bank, Tata Motors, SBI, HUL, ONGC and Maruti with 0.5-1.5 percent loss.

10:00

TheNewsInternational Team

The market remained under pressure with the Sensex falling 216.08 points to 25650.87, tracking weak global cues. The Nifty declined 66.35 points or 0.85 percent to 7762.10.

The broader markets also lost ground. The BSE Midcap shed 1 percent and Smallcap declined 0.5 percent. The market breadth too was negative as about 1138 shares slipped against 547 advancing shares on the BSE.

TCS, Vedanta and Cipla topped selling list on Sensex, down more than 2 percent followed by Infosys, Reliance Industries, HDFC, ITC, ICICI Bank, L&T, HDFC Bank, Tata Motors, SBI, HUL, ONGC and Maruti with 0.5-1.5 percent loss.

Coal India gained 1.6 percent ahead of September quarter earnings today. A CNBC-TV18 poll sees 22.7 percent year-on-year increase in net profit on strong operational performance. Key factor to watch out for would be e-auction of coal.

Asian markets like Shanghai, Hang Seng and Kospi were down 1-2 percent on negative lead from Wall Street. Nikkei, Straits Times and Taiwan Weighted declined 0.6-0.8 percent.

09:15

Nifty opens below 7800, Sensex tanks over 200 pts

Bharti Airtel, ONGC, ITC, Lupin and Vedanta are top laggards in the Sensex.

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