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Share market updates:Sensex falls over 100 points;Bharti Airtel up 1.5%

Share market LIVE updates: After opening the New Year marginally higher this morning, Sensex and Nifty turned negative in the morning trade tracking weak global cues. The 30-share Sensex is down about 70 points to 35,991.34 while the Nifty is trading below the 10,850-mark. Shares of Bharti Airtel gained by more than 1.4% to 317.50 on the NSE, while Axis Bank shares rallied more than 0.5% in the opening trade.

Kotak Mahindra Bank shares will assume focus after the lender believes it is compliant with RBI’s promoter dilution communication. The RBI has not accepted the bank’s contention. Further, since the matter is sub judice, the bank cannot offer any comments in this regard. Lupin shares will also assume focus after the firm received USFDA nod for Clobazam Oral Suspension. 
RUPEE OPENS The Indian rupee gained in the early trade on the first day of 2019. It opened higher by 15 paise at 69.62 per dollar against previous close 69.77.
UCO Bank shares jump 16% on recapitalisation
UCO Bank shares surged as much as 15.7% to Rs 23.50 per share after the bank said it has received Rs 3,076 crore by making a preferential allotment of shares to the government.


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