11 March 2014

Live Intraday Afternoon Market Highlights by CapitalHeight

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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