Sensex, Nifty open higher; Jindal Steel declines on SC verdict

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 Sensex, Nifty open higher; Jindal Steel declines on SC verdict
The Sensex and the Nifty continued to trade flat as select stocks from the metal and the power sector were trading lower following the Supreme Court's verdict on coal blocks.

The Sensex was trading higher by 20 points, while the Nifty was up 6 points in trade. Leading the set of losers were power stocks like NTPC.

Coal India was up for the second day in a row following hopes of a better performance following the SC verdict on coal blocks.

Reliance Power was trading lower following reports that the company has decided not to go ahead with the acquisition of the Hydro power business of JP Power.

Banking stocks continued to head lower for the second straight day with stocks like Canara Bank and IDBI Bank down.

Real estate stocks were having a good day in trade with notable winners being Anant Raj and Unitech.

Top Nifty losers in trade today were Infosys and TCS. Meanwhile, most of Asia was trading with gains, while Wall Street ended the day higher on good housing starts data.

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