Sensex slips into red; Nifty below 8800; The intraday market
slips into red. The Sensex is down 62.75 points or at 28867.60 and the Nifty is
down 23.10 points at 8752.90. About 1035 shares have advanced, 837 shares
declined, and 158 shares are unchanged.
Sensex slipped into red after surging as much as 253 points in trade on Friday to reclaim its crucial psychological level of 29000.HDFC, ICICI Bank, Cipla, Sesa Sterlite and Tata Power are top gainers in the Sensex. Among the losers are Sun Pharma, Hindalco, Maruti, Hero and GAIL are laggards.
In commodities, crude prices weaken with both benchmarks Brent and Nymex crude giving up gains. Brent crude trades around USD 57 per barrel levels. From precious metals space, gold prices remain largely unchanged at USD 1160 an ounce. Land Rover retail sales declined 7.65 percent to 24,185 units and Jaguar sales dropped 15 percent to 4,504 units during the same period.
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Sensex slipped into red after surging as much as 253 points in trade on Friday to reclaim its crucial psychological level of 29000.HDFC, ICICI Bank, Cipla, Sesa Sterlite and Tata Power are top gainers in the Sensex. Among the losers are Sun Pharma, Hindalco, Maruti, Hero and GAIL are laggards.
In commodities, crude prices weaken with both benchmarks Brent and Nymex crude giving up gains. Brent crude trades around USD 57 per barrel levels. From precious metals space, gold prices remain largely unchanged at USD 1160 an ounce. Land Rover retail sales declined 7.65 percent to 24,185 units and Jaguar sales dropped 15 percent to 4,504 units during the same period.
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