Market Live:
Nifty back above 10,300, Sensex up 100 pts; L&T, Yes Bank lead
Equity benchmarks opened flat with a negative bias on Monday, after
rallying nearly 600 points in previous two consecutive sessions. Subdued Asia
trade also caused some selling pressure. Investors digested Moody's India
upgrade and focussed on Gujarat Assembly elections that will take place next
month.
The 30-share BSE Sensex was down 27.26 points at 33,315.54 and the
50-share NSE Nifty fell 15 points to 10,268.60.
L&T surged 2 percent after bagging Mumbai Trans Harbour Link project.
Yes Bank, IndusInd Bank, ONGC, Sun Pharma, HDFC Bank, TCS and UPL were
early gainers.
Infosys, Coal India, Cipla and Zee Entertainment were early losers.
Biocon, Jai Corp, Reliance Industrial Infra, Glenmark Pharma, Eris
Lifesciences, Strides Shasun, Transport Corp, Patel Integrated and Havells
gained 1-5 percent.
Cement stocks were under pressure - Shree Cement, UltraTech Cement, JK
Lakshmi and Ambuja Cements fell 1-4 percent.
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