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Today's Pick - Axis Bank, Eicher Motors among top losers,Sensex, Nifty Swing In Open

Market opens-  Equity benchmarks have begun marginally lower, with the Nifty trading just below 10,900. The Sensex is down 47.42 points or 0.13% at 36347.61, and the Nifty down 13.70 points or 0.13% at 10875.10. The market breadth was narrow as 179 shares advanced, against a decline of 137 shares, while 43 shares were unchanged. Majority of sectoral indices are trading in the near the flat line, but the pain is visible among automobiles, IT and metals. The Midcap index is trading flat. 

Today's Pick - Coal India, Tata Motors, Indiabulls Housing and IOC were the top gainers, while NTPC, Axis Bank, GAIL and Eicher Motors lost the most. 



Govt to sell 3% Axis Bank stake via OFS; all you need to know
The government on Tuesday will come out with an offer for sale (OFS) for its Axis Bank stake held through the Specified Undertaking of Unit Trust of India (SUUTI).  The SUUTI plans to sell up to 5 crore shares of face value Rs 2 each of the private lender. The floor price has been set at Rs 689..52 per share. he offers will take place on a separate window of the stock exchanges on February 12, 2019 (T day) and February 13, 2019 (T+1 day) from 9:15 am to 3:30 pm on both days, it also said.

Rupee Update - The Indian rupee has witnessed a flat opening at 71.17 per US dollar against Monday’s close of 71.18 per US dollar. 
The rupee strengthened by 13 paise to close at 71.18 against the US dollar Monday on easing crude oil prices, even as the greenback strengthened vis-a-vis other major currencies.


Share Market | Today's Pick | Nifty | Axis Bank | Rupee Update
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