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Sensex goes volatile after week-long bull run

Written by: Staff

Mumbai, Mar 3 (UNI) After a spell of bull-run, the BSE Sensex had a volatile session this morning as it opened 23 points up at 10,649, as compared to last close of 10,626.

It touched a high of 10,690 but then dipped by around 90 points to a low of 10,598 during the first hour of trade.

The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) was trading just 14 points up from last close, at 10,641 at 1120 hrs.

Yesterday, the index had touched a new high of 10,706 points in the intra-day trade before cooling off.

The top gainers on the Sensex were Tata Motors, Bajaj Auto, Bharti Tele, Tata Power and Dr Reddy's Lab.

The top losers were HDFC, Gujarat Ambuja Cements, TCS, Infosys, and ICICI Bank.

Consumer durables and captial goods were the sectors making good gains.

Moreover, midcap stocks were gaining as compared to the frontline companies. The BSE midcap index was up by 0.78 per cent.

Midcap construction companies were in limelight this morning, led by Hindustan Constructions, Gammon India, Noida Toll Bridge, Nagarjauna Constructions and Jay Prakash Associates.

Meanwhile, the National Stock Exchange S&P CNX Nifty index opened flat at 3,151, as compared to last close at 3,150 and was trading flat at 3,152 points at 1113 hrs.

Nagarjuna Construction shot-off by 15.70 per cent on the NSE touching a price of Rs 376.90 per share this morning at 1112 hrs.

The crude oil prices were up again at USD 63.62 per barrel, which seemed to be depressing the markets.

However, a healthy foreign fund inflow in the equity markets reported by SEBI was another big boost for the the investors. The Rs 576 crore inflow on Wednesday was a marked improvement from Rs 201 crore inflow on Tuesday and should support the markets at present level.


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