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HomeBreakingSensex, Nifty Trim Gains As Metal, IT, Banks, Reality Stocks Decline: Midday...

Sensex, Nifty Trim Gains As Metal, IT, Banks, Reality Stocks Decline: Midday Market Update

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India’s stock benchmarks pared gains by afternoon session on Friday, weighed by a decline in commodities, metal, information technology, banking and realty stocks. However, gains in energy, auto, and oil & gas stocks kept the indices in positive territory.

The Sensex reclaimed 60,000 during the session before paring some of the gains to trade at 59,889.60 on the BSE, while the Nifty 50 rose 0.14% to 17,761.25 on the NSE. Among the Nifty 50 constituents, 28 stocks rose while 22 fell.

Apollo Hospitals Enterprise Ltd., Reliance Industries Ltd., Oil and Natural Gas Corporation Ltd., NTPC Ltd., and Bajaj Auto Ltd. were the top gainers, while Tata Steel Ltd., Hindalco Industries Ltd., Sun Pharmaceutical Industries Ltd., Grasim Industries Ltd., and JSW Steel Ltd. lost the most.

The broader indices underperformed their larger peers, with the mid-cap and the small-cap indices falling 0.35% and 0.36%, respectively. Fourteen of the 19 sectoral indices compiled by BSE Ltd. declined.

The market breadth is skewed in the favour of bears. About 1,519 stocks rose, 1,776 fell and 152 remained unchanged.





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