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Sensex, Nifty sluggish; ICICI, Maruti, SBI major laggards

The market is in a sluggish mode with index heavyweights in red. The Sensex is up 2.63 points at 25852.93 and the Nifty down 3.30 points or 0.04% at 7862.65. About 1417 shares have advanced, 788 shares declined, and 181 shares are unchanged.

11:21

TheNewsInternational Team

The market is in a sluggish mode with index heavyweights in red. The Sensex is up 2.63 points at 25852.93 and the Nifty down 3.30 points or 0.04% at 7862.65. About 1417 shares have advanced, 788 shares declined, and 181 shares are unchanged.

ICICI Bank, Tata Steel, Maruti, SBI and HDFC are losers in the Sensex. Among gainers are Vedanta, Tata Motors, Hindalco, GAIL and Lupin.

Direct equity has emerged as the largest asset class for investments in the ongoing fiscal with a growth of 29 percent at Rs 34.39 lakh crore followed by fixed deposit and bonds, says a report.

The report by Karvy Private Wealth said the upward trend in direct equity is likely to continue with a compounded annual growth rate (CAGR) of 20 percent over five years.

The projection is interesting as the Sensex lost more than 16 percent from its March 2015 high and the volatility in the market is increasing with the developments in China and on the back of the rising interest rates in the US.

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Sensex, Nifty flat; Tata Steel, Reliance, Bharti down

Vedanta, Coal India, ONGC, M&M and GAIL are top gainers in the Sensex. Among the Tata Steel, ICICI Bank, Reliance, Bharti Airtel and SBI.

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09:15

Sensex opens flat, Nifty still above 7850; Coal India up 2%Read More »

The market has opened flat on Thursday after a strong rally yesterday. The Sensex is up 44.18 points at 25894.48 and the Nifty gains 8.95 points at 7874.90. About 606 shares have advanced, 135 shares declined, and 41 shares are unchanged.

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