Nifty around 10,750, Sensex falls 100 pts; Yes Bank surges 29%

Market Opens: Benchmark indices are trading lower on the Thursday morning with Nifty hovering around 10,750 level.

At 09:18 hrs IST, the Sensex is down 52.52 points at 35981.59, while Nifty is down 26.20 points at 10767.50. About 304 shares have advanced, 495 shares declined, and 30 shares are unchanged. 

Karur Vysya Bank, IOC, BPCL, HPCL, Reliance Capital, Repco Home Finance, DHFL, RIL, Kotak Mahindra Bank are among major losers, while Yes Bank is up 27 percent, while Tata Motors, L&T are other major gainers.

Rupee Opens: The Indian rupee opened lower at 70.87 per dollar on Thursday versus previous close 70.80.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-around-10750-sensex-falls-100-pts-yes-bank-surges-29-3533371.html

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Closing Bell: Sensex ends 119 pts lower, Nifty below 10,800; Eicher Motors slides 5%

Market at close: Benchmark indices erased all its intraday gains and ended in red on the back of last hour selling pressure. 

The Sensex was down 119.51 points at 36034.11, while Nifty was down 37.70 points at 10793.70. About 968 shares have advanced, 1544 shares declined, and 128 shares are unchanged. 

Adani Ports, Indiabulls Housing, UPL, Tata Motors and HDFC were the top gainers on the Nifty, while losers included Eicher Motors, IOC, HPCL, GAIL and ONGC.

Except IT index, all other sectoral indices closed in red led by Nifty PSU bank, infra, energy, auto, pharma and metal.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-119-pts-lower-nifty-below-10800-eicher-motors-slides-5-3525251.html

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Inflation drops to 2.05%, lower than RBI's projection a week ago

There is something to be said about inflation. It's a number that is stubbornly refusing to rise. January inflation came in at just 2.05 percent, a near-two year low. And it's happening like this: the inflation index is actually falling – and falling even more than it fell last year.

Which brings us to the components. While food is still an important part of the index, it's still "deflating" – prices of food items are falling, in general. This is usual for January (as winter crops come abound) but we see that this time, there was more "abundance" than last year.

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Source:https://www.moneycontrol.com/news/business/economy/inflation-drops-to-2-05-lower-than-rbis-projection-a-week-ago-3529521.html

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Indices trim gains with Nifty below 10,850; auto stocks under pressure

Market Opens: Benchmark indices opened higher on Wednesday with Nifty trading above 10,850 mark.

The Sensex is up 199.06 points at 36352.68, while Nifty is up 58.60 points at 10890. About 506 shares have advanced, 285 shares declined, and 33 shares are unchanged. 

Sun Pharma, ITC, Cola India, Indiabulls Housing, Jet Airways, ONGC, Bata, JSW Steel, TCS, RIL are the top gainers on the indices, while losers are HPCL, Infosys, Axis Bank.

Rupee Opens: The Indian rupee gained in the early trade on Wednesday. It has opened higher by 22 paise at 70.48 per dollar versus previous close 70.70.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-indices-trim-gains-with-nifty-below-10850-auto-stocks-under-pressure-3525251.html

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Closing Bell: Sensex ends over 240 points lower, Nifty below 10,850; Sun Pharma up 3%

Market at Close Equity benchmarks closed the session with cuts of over half a percent. The Nifty managed to end below 10,850-mark. 

Banks, automobiles, consumption, and IT were the top losers, while metals and pharma were the big gainers. The midcap index has ended flat. 

At the close of market hours, the Sensex was down 241.41 points or 0.66% at 36153.62, and the Nifty down 57.40 points or 0.53% at 10831.40. The market breadth was negative as 1050 shares advanced, against a decline of 1452 shares, while 131 shares were unchanged.

Sun Pharma, Coal India, JSW Steel and Zee Entertainment gained the most, while Hero MotoCorp, HDFC, and Bharti Infratel lost the most. 

Source: https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-over-240-points-lower-nifty-below-10850-sun-pharma-up-3-3517941.html

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