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The Indian stock markets open on a positive note but later pared gains to turn red on Monday, The S&P BSE Sensex is trading at 26,494 down 132 points, while NSE Nifty is trading at 8,154 down 31 points. The BSE Mid-cap Index is trading up 0.01% at 12,032, whereas BSE Small-cap Index is trading up 0.46% at 12,101.
Eicher Motors, UltraTech Cement, Ambuja Cements, SBI and ACC are among the gainers, whereas Bajaj Auto, M&M, BoB and HDFC are losing sheen on NSE. A total of six stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.
Out of 1,871 stocks traded on the NSE, 520 declined,918 advanced and 433 remained unchanged today. Some buying is observed in realty, media, metal and pharma sectors while financial services, IT, Bank Nifty, FMCG and auto showing weakness on NSE.
The INDIA VIX is up 3.78% at 16.0500. Asian indices opened in the green with most markets still in holiday mode. The retracement of the US$ saw currency gains for most countries which prompted buying in equities. Financials, materials & infra stocks gained with gold & oil prices seeing profit booking.
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