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Cautious markets as Rupee weakens further.

Markets have opened flat following mixed trade around the global markets. The Rupee depreciated further to 50.08 per dollar, down 28 paise or 0.56%.

Sensex fell 31 points to 16,906 and the Nifty has lost 12 points to 5080.

DLF fell 3% post SEBI has ordered investigation in the company on disclosure violations during IPO.

Cairn India plunged 3.5% post disappointing quarterly numbers.

SAIL, GAIL, HDFC Bank, Reliance Industries, Infosys and HUL too were down.

However, Maruti Suzuki surged 4% after ending of strike at its Manesar plant.

Bajaj Auto, TCS, SBI, Axis Bank and L&T (ahead of numbers) were other gainers.

Mundra Port and Crompton Greaves were down 0.6% each.

LIC Housing Finance, Moser Baer and Punj Lloyd gained 0.5% each.


 

 

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