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Nifty in red. Auto and IT stocks give up.

Markets have opened lower tracking global cues and continued weakness visible in the IT heavyweight Infosys. The Sensex has declined 37 points to open at 18,637 and the 50-share Nifty is down 11 points at 5,664.

Coal India is the top loser among the Sensex stocks, down nearly 1% at Rs 356. NTPC, Tata Motors, Hero MotoCorp, HDFC Bank, Tata Power, ITC, Gail India, Bajaj Auto, HDFC and Sterlite Industries are also among the laggards down 0.5-0.7% each.

On the other hand, Dr Reddy’s Labs, Hindalco, Jindal Steel, TCS, Wipro, reliance Industries, Larsen & Toubro, mahindra & Mahindra and Cipla have opened higher in trades today.

BSE banking index- Bankex is the top sectoral loser, down 0.4% at 13,035. Power, PSU, auto, FMCG, IT and metal indices are also trading lower. While, realty, healthcare, consumer durables, oil & gas and capital goods indices are up 0.03-0.3% each.


 

 

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