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The Indian Share Market is still down. The Sensex is down
64.33 points at 28306.51 and the Nifty is down 13.00 points at 8576.80. About
1090 shares have advanced, 668 shares declined, and 106 shares are unchanged. Axis
Bank, Hindalco, TCS, Bajaj Auto and Sun Pharma are top gainers in the Sensex.
Among the losers are Wipro, ICICI Bank, GAIL, M&M and Lupin .
It's a lower opening for the Indian stock market this morning, with investors pressing some sales, tracking weak global cues. Automobile, power, bank and capital goods stocks are weak, while healthcare; IT, consumer durables and realty stocks are finding some support. Among IT majors, Infosys looks the safest for short term.
The Indian rupee declined to a 5-week low against the U.S. dollar this morning, falling to 63.99, from Thursday's close of 63.75 a dollar. The dollar's strength against most major currencies amid speculation about a U.S. rate cut sometime sooner than expected and fairly heavy pullout by foreign investors from the Indian stock market appear to be hurting the currency.
It's a lower opening for the Indian stock market this morning, with investors pressing some sales, tracking weak global cues. Automobile, power, bank and capital goods stocks are weak, while healthcare; IT, consumer durables and realty stocks are finding some support. Among IT majors, Infosys looks the safest for short term.
The Indian rupee declined to a 5-week low against the U.S. dollar this morning, falling to 63.99, from Thursday's close of 63.75 a dollar. The dollar's strength against most major currencies amid speculation about a U.S. rate cut sometime sooner than expected and fairly heavy pullout by foreign investors from the Indian stock market appear to be hurting the currency.
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