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The S&P BSE Sensex snapped its nine day rally and was
trading in a narrow range with a negative bias on Thursday, led by losses in
L&T, Infosys, Tata MotorsBSE -1.63 % and ONGCBSE -0.63 %. Tracking the
momentum, the 50-share Nifty index was trading in a narrow range around its
crucial psychological support level of 8100, weighed down by losses in auto,
banks, consumer durable and realty stocks.
The Indian rupee opened flat at 60.46 per dollar
versus 60.48. The euro held on to modest gains against the dollar, having
pulled up from one-year lows as investors booked some profits ahead of the
European Central Bank policy review. The dollar index comes off a 14-month
peak.
The Nifty was at 8,103.50 down 11 points or 0.14 per cent. It touched an
intraday high of 8,114.80 and a low of 8098.00. The S&P BSE Midcap Index
was down 0.05 per cent and BSE S&P Smallcap Index edged lower by 0.09 per
cent. Cipla (up 2.3 per cent), Sun Pharma (up 0.78 per cent), Coal India (up
0.65 per cent), TCS (up 0.60 per cent) and ITC (up 0.53 per cent) were among
the major Sensex gainers.
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