The market has kickstarted the week on a flat note. The Sensex is down 22.23 points at 26746.26, and the Nifty is down 6.45 points at 8108.25. About 416 shares have advanced, 195 shares declined, and 81 shares are unchanged. Coal India, Tata Steel, Maruti, Vedanta and Tata Power are top gainers in the Sensex.
Among the losers are Tata Motors, M&M, HUL, Cipla and HDFC. Sun TV is down 20 percent as the Home Ministry has struck down an Information and Broadcasting Ministry’s proposal for giving security clearance to 33 television channels of Kalanithi Maran-promoted Sun TV Network, a move that could lead to cancellation of their broadcasting licence. Meanwhile on Friday, the US markets ended in the red, partly on the back of the US jobs data and partly by the back and forth in Greece over a reforms deal. The German DAX and the French CAC lost more than a percent each. The British FTSE down eight tenths of a percent. The German ten-year bond yield rose sharply to 0.85 percent.
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