Market Live:
Sensex opens above 34,000, Nifty trades flat; Reliance Comm surges 20%
Equity benchmarks started off trade on a flat note on Wednesday due to
lack of global and domestic cues.
The 30-share BSE Sensex was up 34.98 points at 34,045.59 and the 50-share
NSE Nifty fell 4.60 points to 10,526.90. About 907 shares advanced against 334
declining shares on the BSE.
Vedanta, GAIL, Yes Bank, Cipla, Dr Reddy's Labs, Tata Steel, Hero
Motocorp, UPL and Maruti Suzuki were early gainers.
BPCL, UltraTech Cement, Indiabulls Housing, ICICI Bank, Coal India, IOC
and HPCL were under pressure.
Reliance Communications surged 20 percent on mega debt restructuring
plan.
Sanghi Industries, Prestige Estates, Aban Offshore, Prataap Snacks, ITD
Cementation, Glenmark Pharma, Jaiprakash Associates, Jindal Steel and Lanco
Infratech rallied 1-8 percent.
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