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Cautious trades in markets.

Indian shares continued to trade cautiously in morning trades ahead of the Reserve Bank of India’s polcicy announcement tomorrow amid fear the central bank may maintain status-quo and wait until January before cutting interest rates.

At 10:15AM, the Bombay Stock Exchange’s Sensex index rose 16 points and traded .

Technology, consumer durables and fast moving consumer goods indexes led fall while metal , automobiles, health care sector led gains on BSE.

Among key Sensex stocks, the laggards include Bharti Airtel falling 1%, ITC declined 0.6% and Tata Consultancy Services, Wipro fell 1% each in technology space while among gainers Maruti Suzuki rose 2.3% and Hindalco rose 2%, Sterlite Industries gained 1% in metal space.

Among other notable movers, Fortis Healthcare has rallied 7% at Rs 117 after the company announced to divest 64% stake in Dental Corporation Holdings (DC), Australia to Bupa, for a consideration of for 270 million Australian dollars (around Rs 1,554 crore).

Honeywell Automation of India surged 13%. Wheels India has rallied almost 9% to Rs 967


 

 

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