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Market Update - Tata Motors gains 2%,Tata Steel slip,Sensex flat, rupee gains past 70/dollar

Shares of Tata Motors gained over 2 per cent in the early trade.

Market Opens: It is a firm start for the Indian indices on Thursday with Nifty trading above 11,050 level.

The Sensex is up 45.83 points at 36681.93, while Nifty is up 4.40 points at 11057.40. About 557 shares have advanced, 285 shares declined, and 45 shares are unchanged. 

IndusInd Bank, Power Grid, HPCL, IOC, BPCL, Tata Motors, Titan, Zee Ent, Gail, Bharti Airtel are some of the gainers in the early trading session, while losers include Biocon, Indiabulls Housing, Tata Steel, Vendata, JSW Steel.
Among the sectoral indices, the metal index is under pressure with 1 per cent cut, followed by auto, pharma and PSU Bank, while some buying is seen in the energy, infra, FMCG and IT.

Rupee Strengthens Past 70/$ - The Indian rupee opened higher against the U.S. dollar. The home currency strengthened past 70 against the against the greenback for the first time since January. Easing tension on the border and strong foreign inflows are helping the local unit to regain ground. The currency may stay in a range of 70-70.50 a dollar in the session.

Crude Update: Oil prices eased on Thursday, dragged down by record US crude output and rising commercial fuel inventories.

Sensex | Market Update | TATA Motors | TATA Steel | Rupee | Crude Oil
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