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Market Update - L&T Falls, Tata Steel, Kotak Mahindra among top losers

Tata Steel, Kotak Mahindra among top losers - SBI shares are up 1.8% to Rs 313.50, while ONGC shares are trading 0.6% higher at Rs 167.80 to emerge among the biggest Sensex gainers. Tata Steel shares are down 2% to Rs 478.80, while Kotak Mahindra shares are down by 0.5%.  L&T Falls - Shares of Larsen & Toubro fell as much as 1.2 percent to Rs 1,338.85 after the company announced its March quarter results on Friday.  Tata Steel, Hindalco, Eicher Motors, Dr. Reddy's Lab Grasim Industries and Indiabulls Housing are among major losers on the indices, while gainers are TCS, SBI, Wipro, HCL Tech and Tech Mahindra. Except for FMCG and IT, all other sectoral indices are trading in the red. Rupee Opens: The Indian rupee slipped in the early trade on Monday. It opened lower by 23 paise at 70.14 per dollar versus previous close 69.91 yesterday. SRF Swings -  On Unit Sale Plans Shares of the industrial chemicals maker fluctuated between gains and losses t...