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The
Indian Share Market is still weak as the Sensex is down 29.02 points at
26981.12. The Nifty is down 11.30 points at 8168.20. About 1127 shares have
advanced, 996 shares declined, and 152 shares are unchanged. NTPC, L&T,
Maruti, Bajaj Auto and Tata Motors are gainers while Bharti, Lupin, Tata Steel,
ITC, Hindalco are among the losers.
A day after it made substantial gains owing to lessened chances of a US rate hike, a barometer index of the Indian equity markets was trading flat during the early-morning session on Friday. Furthermore, the wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat. It was slightly lower by 11.15 points or 0.14 percent at 8,168.35 points.
Gold hovered below a 3.5-month high after strong US inflation data supported the dollar, but the metal was set to post its biggest weekly jump in four weeks on bets the Federal Reserve will not hike interest rates this year. Gold was on track for a 2-percent weekly jump as markets believe recent weak US data in the backdrop of sluggish data out of China would prompt the Fed to stand pat on rates until next year.
A day after it made substantial gains owing to lessened chances of a US rate hike, a barometer index of the Indian equity markets was trading flat during the early-morning session on Friday. Furthermore, the wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat. It was slightly lower by 11.15 points or 0.14 percent at 8,168.35 points.
Gold hovered below a 3.5-month high after strong US inflation data supported the dollar, but the metal was set to post its biggest weekly jump in four weeks on bets the Federal Reserve will not hike interest rates this year. Gold was on track for a 2-percent weekly jump as markets believe recent weak US data in the backdrop of sluggish data out of China would prompt the Fed to stand pat on rates until next year.
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