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After a sleepy day, the Indian Stock market ended with deep
cuts. The Sensex closed down 150.77 points or 0.6 percent at 25705.93. The
Nifty slipped 43.15 points or 0.5 percent at 7829.10. About 1101 shares have
advanced, 1518 shares declined, and 104 shares are unchanged.
HUL, Sun Pharma, ITC, Reliance and NTPC were top gainers while Tata Steel, Vedanta, Tata Motors, Hindalco and L&T were among losers. Automobile, metal and consumer durables stocks declined sharply. Bank and realty stocks too mostly closed weak. Healthcare, IT, oil and power stocks turned in a mixed performance. FMCG stocks moved higher. Midcap and small cap stocks were mostly subdued.
The Indian share market breadth was weak. Global oil majors have slashed spending and cut jobs in response to plunging oil prices but state-owned ONGC is using the slump to build assets. The Indian stock market ended weak on Tuesday, tracking weak global cues. Investors, looking ahead to U.S. Federal Reserve's monetary policy meeting, stayed away from making significant moves.
HUL, Sun Pharma, ITC, Reliance and NTPC were top gainers while Tata Steel, Vedanta, Tata Motors, Hindalco and L&T were among losers. Automobile, metal and consumer durables stocks declined sharply. Bank and realty stocks too mostly closed weak. Healthcare, IT, oil and power stocks turned in a mixed performance. FMCG stocks moved higher. Midcap and small cap stocks were mostly subdued.
The Indian share market breadth was weak. Global oil majors have slashed spending and cut jobs in response to plunging oil prices but state-owned ONGC is using the slump to build assets. The Indian stock market ended weak on Tuesday, tracking weak global cues. Investors, looking ahead to U.S. Federal Reserve's monetary policy meeting, stayed away from making significant moves.
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