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Equity Tips

Nifty holds 9600 amid consolidation; HDFC twins weak, oil stocks gain

Equity benchmarks extended gains in opening despite mixed Asian cues on Tuesday.

The 30-share BSE Sensex was up 34.09 points at 31,345.66 and the 50-share NSE Nifty rose 9.10 points to 9,666.65 amid consolidation.

Tata Power, Tata Motors, Infosys, Tata Motors DVR, ICICI Bank, L&T and Bharti Infratel were strong in early trade whereas TCS, Axis Bank, Kotak Mahindra Bank, Lupin, Bajaj Auto and SBI were losers.

Bharat Financial Inclusion, NBCC and Fortis Healthcare were early gainers among midcaps. Amtek Auto, Bhushan Steel and Lanco Infratech fell further, down 5-8 percent.

The Indian rupee opened marginally lower at 64.48 per dollar against previous close of 64.43.

USD-INR pair to trade in a range of 64.40-64.60/dollar today.

Asian indexes turned mixed as markets awaited MSCI's decision on the potential inclusion of mainland Chinese stocks, even as the dollar strengthened.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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