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Published: Thu, September 14, 2017
Tech | By Dwayne Harmon

Sensex, Nifty open flat a day after inflation numbers

Sensex, Nifty open flat a day after inflation numbers

The NSE Nifty also trading higher by 13.35 points, or 0.13 per cent, to 10,106.40.

At 10 AM: Sensex was up by over 82 points or 0.26% at 32,241.30 while the broader Nifty was up by 23.60 points or 0.23% at 10,116.65. Tata Steel was the top gainer on the 30-stock Sensex after the firm announced that it has concluded a new agreement under which its United Kingdom business stands separated from the 15-billion pound British Steel Pension Scheme (BSPS). "Benchmark indices in India opened the day in the green and continued to trade with strength through the day to hit their highest intra-day levels in more than a month", said Karthikraj Lakshmanan, Senior Fund Manager - Equities, BNP Paribas Mutual Fund.

"Markets closed with divergent trends on Wednesday after a volatile session".

Broader markets turned soft, with the BSE mid-cap and small-cap indices falling by up to 0.69 per cent.

Twenty of the 30 Sensex constituents gained, while overall advancing issues beat declining ones 1,408 to 1,222 while 199 remained unchanged.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 392.52 crore yesterday, as per provisional data released by the stock exchanges.

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On the currency front, the Indian rupee strengthened by four paise to 64 against the United States dollar from its previous close at 64.04.

Sector-wise, stocks of realty, metal, auto and oil and gas showed weakness.

As the petrol and diesel prices have hit three-year highs in some cities, the government seems to have swung into action to protect the consumers from the rising fuel bills, possibly bringing back the ghosts of the era of regulation.

At the NSE, the top five gainers were Tata Power, Sun Pharma, Reliance Industries, Dr Reddy's Laboratories and Bank of Baroda.

ITC Ltd, Bharti Airtel, HDFC Ltd, Cipla and Wipro were in the losing team.

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