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Indian stock markets are likely to open higher
on Wednesday. The focus is likely to be on stocks in the FMCG sector, which may
be buoyed by lower-than-expected CPI in March. Positive sentiment, over the
International Monetary Fund highlighting pick-up in growth in the euro zone and
India may also play a part.
The BSE Sensex opened higher by 43-odd points at 29,087 and the NSE Nifty was up ten points at 8,844 at the opening bell. The key benchmark indices soon pared early gains and slipped into the negative zone, owing to weakness in metal, Pharma and auto shares. The BSE Sensex and the NSE Nifty touched a low at 29,000 and 8,812, respectively. Currently, the Sensex is down 37 points at 29,007 and the Nifty-50 shares index is down ten points at 8,824.
The BSE Sensex opened higher by 43-odd points at 29,087 and the NSE Nifty was up ten points at 8,844 at the opening bell. The key benchmark indices soon pared early gains and slipped into the negative zone, owing to weakness in metal, Pharma and auto shares. The BSE Sensex and the NSE Nifty touched a low at 29,000 and 8,812, respectively. Currently, the Sensex is down 37 points at 29,007 and the Nifty-50 shares index is down ten points at 8,824.
M&M,
Sun Pharma, Bharti Airtel, Tata Motors, HDFC, HCL Technologies and Idea
Cellular fell 1-1.8 percent whereas TCS rallied 2 percent ahead of fourth
quarter earnings on Thursday evening. ITC, ICICI Bank, SBI, ONGC, Kotak
Mahindra Bank and UltraTech Cement climbed 0.5-1.5 percent.
Bharti Airtel and Sun Pharma have dropped almost 2 percent each at Rs. 417 and Rs. 1,129, respectively. Tata Motors, Idea Cellular, HDFC, HCL Technologies and Coal India are the other significant losers. On the other hand, ACC has jumped 2 percent at Rs. 1,628. IndusInd Bank, Zee Entertainment, Sesa Sterlite, Kotak Bank and Punjab National Bank have also spurted over a percent each.
Bharti Airtel and Sun Pharma have dropped almost 2 percent each at Rs. 417 and Rs. 1,129, respectively. Tata Motors, Idea Cellular, HDFC, HCL Technologies and Coal India are the other significant losers. On the other hand, ACC has jumped 2 percent at Rs. 1,628. IndusInd Bank, Zee Entertainment, Sesa Sterlite, Kotak Bank and Punjab National Bank have also spurted over a percent each.
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