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Thursday, March 3, 2016

Equity Tips
The market started consolidation after a rally in past three consecutive sessions. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap rising 0.7 percent and 0.3 percent, respectively.

The Sensex fell 7.74 points to 24599.25 and the Nifty declined 10.05 points to 7465.55.

HDFC Bank, HDFC, Sun Pharma, Adani Ports and Bharti Airtel declined more than 1 percent on profit booking while Tata Motors and ONGC continued their lead today as well, rising 3 percent each. ICICI Bank, Dr Reddy's Labs, Cipla and Coal India gained 1-2 percent.

HMT shot up 16.5 percent followed by Kaveri Seed, Eros International, Chennai Petroleum and Shipping Corporation with 5-13 percent upside while KPIT Technologies, Cox & Kings, IIFL Holdings, Hathway Cable and MphasiS were down 2-4 percent among midcaps.

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