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Sensex down 30 points; bank, FMCG stocks major losers

20 June 2017

Among BSE sectoral indices, consumer durables index was the star-performer and was up 1.31 per cent, followed by IT 0.82 per cent, TECk 0.74 per cent and capital goods 0.51 per cent.

Equity benchmarks- Sensex and Nifty finished flat, despite on Tuesday after opening positive for the day.

At 10.25 a.m., the 30-share BSE index Sensex was up 61.91 points or 0.2 per cent at 31,373.48 and the 50-share NSE index Nifty was up 13.6 points or 0.14 per cent at 9,671.15.

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Short-term triggers such as bonus and share buybacks due from companies such as Wipro Ltd are also boosting overall sentiment in the sector, he added. On the other hand, realty index was down 0.2 per cent, banking and PSU 0.03 per cent each.

The major gainers were Tata Motors 2.64 per cent and infosys 1.39 per cent.

Banks failed to continue yesterday's gains, with the Nifty Bank index losing 0.2 percent.

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Among mid-caps, Mindtree Ltd gained as much as 1.8%, while Tata Elxsi Ltd rose as much as 2.5%. But the gains were capped on continued FII selling.

United States stocks rose overnight, with both the Dow and the S&P 500 ending at new records, as technology shares rebounded from a recent bout of sharp weakness to lead the market higher.

Market participants also seemed comforted by Sebi's plans to relax its norms for direct registration of foreign investors and fast-track the listing process for companies, including startups, as part of efforts to make the Indian stock market more attractive for investments.

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