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Sensex Trades Higher; Asian Markets Subdued As Oil Slides

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Benchmark indices were flat in early trade even as US markets saw cuts of 1.5 per cent, while most of Asia was lower taking cues from weak US lead.

 

The Australian index, the Japanese Nikkei and the Topic were all trading lower, even as the Korean Kospi was shut for trade.

Sensex Trades Higher; Asian Markets Subdued As Oil Slides
The Sensex was trading higher by 10 points, while the Nifty gained 7 points in trade. Shares in Coal India fell after the company's results disappointed the street. The stock was down 2.5 per cent at Rs 322 per share.

Tata Steel on the other hand, which gained initially in morning trade, soon fell, following its quarterly numbers. The stock was down 1.5 per cent in trade.

Idea Cellular, which slumped to a 52-week low on Monday, managed to gain ground and was trading with gains of near 2 per cent.

PSU Banking stocks, which crashed on Monday, following the carnage, managed to gain some ground. Most of the stocks from the space were trading with gains of 1 per cent.

Shares in Sun Pharma were trading higher, despite reports that the company's subsidiary in the US was summoned over its pricing policy.

 

NTPC and Yes Bank were the top gainers from the Nifty space.

Meanwhile, the rupee opened slightly weak and was trading at 66.99 to the US dollar.

GoodReturns.in

Read more about: sensex nifty
Story first published: Wednesday, September 14, 2016, 9:29 [IST]
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