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Sensex, Nifty consolidate; BSE Midcap, Smallcap outperform

Metals and pharma stocks gained while FMCG and select auto stocks remained under pressure.

12:00

TheNewsInternational Team

12:16 pm Asia Update:

Asian stock markets closed in positive territory, taking cues from a positive finish in Wall Street overnight after the Federal Reserve raised its target federal funds rate to a range of 0.25 to 0.5 percent.

The Australian market finished higher, with the main ASX 200 index adding 74 points, or 1.46 percent, to 5,102. Most sectors on the ASX closed in the green.

12:00 pm Market Check

Equity benchmarks continued to consolidate but the broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.7-1 percent. Metals and pharma stocks gained while FMCG and select auto stocks remained under pressure.

The 30-share BSE Sensex fell 0.84 points to 25493.53 and the 50-share NSE Nifty rose 1.60 points to 7752.50. The market breadth was positive as about 1593 shares advanced against 744 declining shares on the BSE.

11:00

Nifty back at 7650; ONGC, Maruti & Tata Motors laggards

Tata Steel, Hindalco, SBI, Vedanta and Bajaj Auto are top gainers while ONGC, M&M, Maruti, Axis Bank and Tata Motors are major losers in the Sensex.

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10:00

Sensex, Nifty erase early gains on profit booking; M&M downRead More »

The broader markets continued to outperform benchmarks with the BSE Midcap and Smallcap indices rising 0.5-0.8 percent.

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09:15

Nifty flat after hitting 7800, Sensex up on Fed rate hikeRead More »

GAIL, SBI, NTPC, Sun Pharma and Vedanta are top gainers while ONGC, M&M, Coal India, HDFC and HUL are major losers in the Sensex.

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