In Intraday Equity benchmarks see profit booking in noon trade
after rising sharply in previous five consecutive sessions. The Sensex declined
69.94 points to 21864.89 and the Nifty lost 18.15 points at 6519.10. Declining
shares outnumbered advancing ones by a ratio of 1317 to 1078 on the BSE.
Metals lost ground
with the BSE Metal Index falling nearly 3 percent. Shares of Hindalco
Industries and Tata Steel plunged over 4 percent while Sesa Sterlite declined
nearly 3 percent. Sun Pharmaceutical Industries and Mahindra & Mahindra slipped
2-2.5 percent.
The Indian rupee continued its winning streak and rose to a
fresh seven-month high against the US dollar taking cues from firm Asian
currencies and on persistent FII inflows. Gilts trade firm on the rupee
strength and cautious ahead of the CPI data release tomorrow. TCS and Wipro are
gainers in the Sensex while Tata Steel loses 4 percent.
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