Market Update - Sun Pharma, Tata Motors among top losers , Vedanta dips 3%

Sun Pharma, Tata Motors among top losers - Sun Pharma shares are trading 2% lower at Rs 463.50, while Tata Motors Declines For The Third Straight Session Shares of the carmaker declined as much as 2.2 per cent to Rs 171.60, its lowest in over a month.

Tata Motors is said to increase prices of its passenger vehicles from April 2019 by up to Rs 25000. The stock declined 48 per cent in the past 12 months compared with a 16 per cent gain in the Sensex.

Godrej Properties, Voltas, Jet Airways, Vedanta, Tata Motors, Hindalco, Yes Bank, JSW Steel, DLF, Sobha, Godrej Properties, Zee Entertainment, RIL, ICICI Bank, are among major gainers on the indices, while losers are IOC, Coal India, Dhampur Sugar and Balrampur Chini. All the sectoral indices are trading in red led by PSU bank, pharma, metal, auto, FMCG and energy.

Rupee opens 11 paise lower against US dollar amid weak global cues - The rupee opened 11 paise lower at 69.06 against the US dollar on Monday. On Friday, the domestic unit declined by 12 paise to close at 68.95 on the rise in demand for the greenback from importers and sell-off in domestic equities.

Commodity Picks - Maize is trading at Rs 2,090 per quintal in Gulabbagh. Prices are expected to trade lower towards Rs 2,050 per quintal on expected arrivals and likely demand rationing at higher price levels.

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