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Sensex gives up 35,000, Nifty below 10,550; banking stocks crack

It’s a negative end for the market for this week as tomorrow is a trading holiday on account of Guru Nanak Jayanti.

The Nifty has given up 10,550-mark.

Private banks were major contributors to the Nifty Bank’s underperformance. Telecom pack, too, saw some pressure. Vodafone Idea sheds the most.

Among sectors, financials, consumption, energy, metals and pharma saw the most losses, while selling was visible in the midcaps space.

Adani Ports, TCS, and Zee Entertainment were the top gainers, while M&M, Tata Steel, and Grasim lost the most.

At the close of market hours, the Sensex was down 218.78 points or 0.62% at 34981.02, while the Nifty was lower by 73.20 points or 0.69% at 10526.80. The market breadth was negative as 1093 shares advanced, against a decline of 1489 shares, while 153 shares were unchanged.

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Source:https://www.moneycontrol.com/news/business/markets/an-evening-walk-down-dalal-street-sensex-gives-up-35000-nifty-below-10550-banking-stocks-crack-3209821.html

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Sensex trades higher, Nifty above 10,600 amid volatility; Yes Bank, Tech Mahindra up 2%

Market opens Equity benchmarks have begun the day on a good note, with the Nifty holding 10,600 in the opening tick. The 

The Sensex is up 84.56 points or 0.24% at 35284.36, and the Nifty up 18.80 points or 0.18% at 10618.80. The market breadth is positive as 305 shares advanced, against a decline of 104 shares, while 36 shares were unchanged.

Among sectors, energy and IT names are trading in the green, while Nifty Infra is down around half a percent. Buying is visible in the broader markets, with Nifty Midcap rising over 0.40 percent. 

Shares of ONGC, Yes Bank, and Tech Mahindra are the top gainers, while Maruti Suzuki, Hero MotoCorp, Bharti Airtel and Dr Reddy’s Labs have lost the most. 

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Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-trades-higher-nifty-above-10600-amid-volatility-yes-bank-tech-mahindra-up-2-3207081.html

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