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The market has slipped a bit with the Nifty below 8100. The 50-share down 27.55 points or 0.3 percent at 8084.05. The Sensex is down 73.26 points or 0.3 percent at 26225.43. About 810 shares have advanced, 1678 shares declined, and 145 shares are unchanged.
Tata Motors, Lupin, GAIL, Cipla and Sun Pharma are top gainers while Coal India, Bharti Airtel, TCS, Wipro and Asian Paints are losers in the Sensex. European stocks were lower Thursday morning as traders paused for breath after US bond yields pulled back and the dollar came off a 13-1/2 year high.
The pan-European STOXX 600 was around 0.22 percent lower, but with major bourses pointing in different directions. President-elect Donald Trump's expansionary fiscal policy is seen as stoking inflation which has caused the dollar to rally and bond prices to fall, pushing yields higher. This could have an effect on the US Federal Reserve's interest rate hiking path.
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