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The key equity barometers traded with limited losses in morning trades. Nifty moved in a range of 25084-24839. Nifty PSU Bank, Nifty Pharma and Nifty Healthcare Index shares gained, while Nifty IT and Nifty Metal shares retreated.
NIFTY edged lower 0.18% in last session and spiked 12.39% over last one-week.
At 12:15 IST, the barometer index, the S&P BSE Sensex, posted modest losses of 317.07 points or 0.39% to 80,682.33. The Nifty 50 index inched down 54.10 points or 0.22% to 24,932.30.
The broader market outpaced the frontline indices. The BSE 150 MidCap Index edged lower by 0.20% and the BSE 250 SmallCap Index moved lower by 0.20%.
The market breadth was soft. On the BSE, 2090 shares advanced and 2796 shares fell. A total of 291 shares were unchanged.
Nifty PSU Bank index gained 1.84% to 8743. The index has climbed 7.37% in last one month and inched up 2.93% over last one year. Punjab Natl.Bank, inching higher 2.31%, led the gainers followed by Canara Bank, adding 1.87% and Bank of India, gaining 1.77%, respectively. Out of 12 index constituents, 11 are reporting gains today.
Nifty Pharma index advanced 1.36% to 28814. The index has rallied 10.09% in last one month and soared 27.02% over last one year. Gland Pharma, advancing 6.33%, led the gainers followed by Sai Life, rising 5.67% and Divi's Lab., up 3.18%, respectively. Out of 20 index constituents, 17 are reporting gains today.
Nifty IT index fell 1.53%. The index has jumped 18.51% in last one month and posted modest losses of 7.90% over last one year. Mphasis, losing 3.99%, led the losers followed by HCL Technologies, edging lower 2.69% and Infosys, slipping 1.95%, respectively. All 10 index constituents are reporting losses today.
Asian markets surged on Monday. China’s Shanghai composite is marginally higher by 0.41%, Hong Kong’s Hang Seng is up 0.10%. Japan’s Nikkei 225 is substantially higher by 2.33%.
In Europe, German DAX inched higher 0.37%, UK’s FTSE 100 declined 1.01% and French CAC slipped 0.81%.
In Commodities, MCX Gold posted modest gains of 0.89% to trade at Rs 1,42,520 per 10 grams. MCX Crude oil declined 1.54% to trade at Rs 8,555 per barrel. MCX Copper edged higher by 0.69% to trade at Rs 1,338.80 per kg.
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