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Volatile trades in BSE & NSE. Rupee falls further.

The rupee has fallen further, extending its losses as the dollar demand rises continuously. The rupee’s fall is also attributed to the growing concerns of the economy slowdown, mounting tensions in the middle east over the Oil prices and worries over the Greece’s economy bailout in Europe.

Back in the Dalal Street, the markets have seen a volatile session, with the indices moving back and forth in the red and green territories. Both the Sensex and the Nifty have managed to see trades in the green, overcoming the selling trades seen in the morning.

At 12:18 PM, the Nifty has slipped back in the red to 5208, down by 13 pts or -0.27%.

Steel and Banking stocks continue to slip down in the trade. Jindal steel has extended its cut, with 3% dips to trade at 529. Sterlite has seen a cut of 1.7% in the trade.

Power stocks have also seen some declines right from the morning. Powergrid has slipped by 2.5%. NTPC is down by 1%.

Idea Cellular is down by 1.2%. Bharti Airtel has been down by 0.8%. RCOM has also slipped into the red.

Some of the gainers include HDFC up by 0.5%, Wipro – up by 1.7% and Unitech – which has moved up by 3.9%.

Titan Industries, from the midcap space is up in the green. IVRCL Infra is also up by 1.5%.



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