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Intraday Indian stocks declined sharply in early
trades this morning, with investors pressing sales, tracking weak global cues. Profit
taking and the government's decision to not call a special Parliament session
for clearing the GST Bill are also dragging down stocks. The Sensex is down 345
points or 1.35% at 25,374.58, after declining to a low of 25,287.50.
The Intraday market has opened with a sharp loss following weak global markets. The Sensex is down 335.92 points or 1.3 percent at 25383.66 and the Nifty is down 106.55 points or 1.4 percent at 7712.05. About 129 shares have advanced, 692 shares declined, and 24 shares are unchanged. Hindalco, Vedanta, ONGC, BHEL and SBI are major losers while there is no green stock in the Sensex.
The Indian rupee gave up yesterday's gain. The currency has opened lower by 31 paise at 66.72 per dollar on Thursday against previous day's close of 66.41. Profit taking after two days of strong gains may also take a toll of several front line stocks. The rupee's movements and the trend in crude oil prices will be watched. Some weak data out of China and Japan will hurt sentiment.
The Intraday market has opened with a sharp loss following weak global markets. The Sensex is down 335.92 points or 1.3 percent at 25383.66 and the Nifty is down 106.55 points or 1.4 percent at 7712.05. About 129 shares have advanced, 692 shares declined, and 24 shares are unchanged. Hindalco, Vedanta, ONGC, BHEL and SBI are major losers while there is no green stock in the Sensex.
The Indian rupee gave up yesterday's gain. The currency has opened lower by 31 paise at 66.72 per dollar on Thursday against previous day's close of 66.41. Profit taking after two days of strong gains may also take a toll of several front line stocks. The rupee's movements and the trend in crude oil prices will be watched. Some weak data out of China and Japan will hurt sentiment.
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