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| Sensex down 200 pts @ 10:58 hrs
With most of the early losers still struggling for support, the market, which plunged sharply in early trade this morning amid concerns over the pace of economic recovery, continues to languish deep down in the red now.
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At 15,713, the Sensex, which had declined to 15,644.58 in early trades, is down nearly 200 points or 1.25% from its previous closing mark. The Nifty, which dropped down to 4633.70 earlier this morning, is down with a loss of 51.35 points or 1.09% at 4659.45 at present.
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Realty stocks, which staged a remarkable comeback in the previous session, have declined sharply on selling pressure. FMCG, oil, information technology and bank stocks are also down with sharp losses.
Telecom stocks are up with sharp gains. Select consumer durables, pharma and power stocks have also edged higher. Buying remains stock specific in midcap and smallcap segments.
Realty stock DLF is down with a loss of 3.15%. Reliance Industries has lost around 2.5%. Larsen & Toubro is down by 2.6%. Wipro, ITC, ACC, Hindustan Unilever, Reliance Infrastructure and State Bank of India have also lost over 2%.
Maruti Suzuki, Tata Consultancy Services, ONGC, Tata Steel, HDFC, HDFC Bank, Hero Honda, ICICI Bank, Tata Motors, NTPC and Infosys Technologies are down by 1% - 2% from their previous closing levels.
Nagarjuna Construction, India Cements, India Bulls Real Estate, Century Textiles, Ambuja Cements, Zee Entertainment, Ultratech Cement, Jindal Steel and India Bulls Financial Services are trading sharply lower on selling pressure.
Telecom stocks Reliance Communications and Bharti Airtel are up 3.2% and 2.1% respectively on strong buying support. Spice Telecom has zoomed 14%. Tata Communications is up with a gain of 3.2%, while Idea Cellular and Tata Teleservices have gained 2.5% and 2% respectively. MTNL is up with a modest gain.
Rashtriya Chemicals is up 8.5% at Rs 63.75. IFCI, Suzlon Energy, GAIL India, Lupin, Jet Airways, Mundra Port, EIH, Oriental Bank of Commerce, Crompton Greaves, Balrampur Chini, Syndicate Bank, Gujarat NRE Coke, IDBI Bank, PTC India, Punj Lloyd and Gujarat Petronet have also posted sharp gains.
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