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Sensex, Nifty off day’s high; Banking, Auto stocks drag @HIGHLIGHT UPDATES

Equity benchmark indices opened higher led by gains in metal and private banks and amid strong global cues. Today’s gains were led by HDFC, RIL, IndusInd Bank, ICICI Bank and L&T.
The BSE Sensex was trading at 33,862, up 115 points, while the Nifty50 index was trading at 10,397, up 38 points.

The BSE Midcap and the BSE Smallcap indices rose 0.94% and 0.89% respectively.

Sun Pharma stock erased morning gains and is trading marginally lower following the US drug regulator found no data integrity issues, and its observations are mostly to do with procedural matters, according to the information on Form 483 on its website.
Tata Motors stock gained 1.5% after its JLR UK has reported total sales of 2,238 units in February, compared with 2,647 units in the same quarter last year, as per media reports.
Volatility index India VIX slipped 5.39% to 14.5650.

Vedanta (+3%), Tata Steel (+2.5%), IndusInd Bank (+2.3%), Yes Bank (+2.1%) and Indiabulls HF (+1.9%) were the top gainers on Nifty50.

Infratel (-1.6%), M&M (-0.80%), Tech Mahindra (-0.40%), Power Grid (-0.28%) and Sun Pharma (-0.28%)  were the top losers in today’s trade.



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