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    Default Sensex opens flat at 17,701.97 points

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    The Sensex of Bombay Stock Exchange (BSE) opened on a steady note at 17,701.97 points on scattered demand from local operators.

    Similarly, the Nifty of National Stock Exchange (NSE) opened unchanged at 5,281.80 points.

    Yesterday, the Sensex had ended at 17,701.13 points, with a minor gain of 14.89 points, while the Nifty at 5,281.80, a tad up by 3.90 points.

    The Sensex registered the intra day high and low at 17,733.34 and 17,634.10 points, respectively. At the moment, it was in the red at 17,664.16 points, down by 36.97 points.

    The Nifty was also slightly down by eight points to 5,273.80 after witnessing the high at 5,302.55 and low at 5,264.50 points in the intra-day trade. It was trading in a narrow range of 5,265-5,285 points for the second consecutive day.

    Technology, auto (barring Maruti), power and FMCG stocks were seeing selling pressure. SAIL, SBI, ICICI Bank, BHEL and Grasim were the other losers.

    However, buying in shares of oil and gas exploration, telecom, cement and realty capped the losses to some extent. Hindalco, Sterlite, HDFC Bank, Maruti, Ranbaxy and Reliance Infrastructure were the other gainers.

    Among other gainers were Hindalco, Cairn India, ACC, Reliance Communications, Bharti Airtel, Reliance Infrastructure and GAIL, which were up by between 1.2 and two per cent.

    However, Tata Motors declined by 2.28 per cent and M and M edged down by 1.62 per cent.

    Technology stocks like Wipro, TCS and Infosys slid by between 1.2 and two per cent.

    In the Midcap space, Wockhardt, Carborundum, BF Utilities, Peninsula Land and KGN Industries advanced by between 3.6 and 4.5 per cent, while Gujarat NRE Coke, Mphasis, Indiabulls Financial, Essar Shipping and Rashtriya Chemical drifted lower by between 1.9 and three per cent.


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