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Nifty hovers around 10,850 mark; Metal stocks gain

The market breadth was positive with 1,215 shares advancing, 358 shares declining, and 496 remaining unchanged.
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Benchmark indices opened in the negative zone amid weak global cues. The markets were shut for a public holiday on Monday. On the sectoral front, metal and realty indices gained nearly 1%, followed by pharma, banking, and private bank, while auto, IT, and media were trading lower on the NSE.

The Sensex slipped 21 points to 36,043, while the Nifty was down 9 points to 10,854. The market breadth was positive with 1,215 shares advancing, 358 shares declining, and 496 remaining unchanged.

Shares of Tata Motors advanced 1% on the BSE despite the company reporting a weak set of sales numbers for the month of February 2019. The cumulative sales for the domestic market (April 2018-February 2019) grew by 18% with 610,108 units as compared to 517,198 units.

Eicher Motors slipped 2% on the BSE after reporting weak February auto sales numbers.

Shares of Mishra Dhatu Nigam rose 5% on Tuesday after the company received order worth Rs475cr.

The BSE MidCap index was trading 108 points higher at 14,611, and BSE SmallCap index was trading 1.12% higher at 13,138.

JSW Steel, Indiabulls HF, HPCL, and Tata Motors are trading higher, while Wipro, Eicher, and Tech Mahindra are trading lower on the NSE.

Volatility index India VIX was up 1.05% at 16.44.

The most active stocks are Axis Bank, TCS, Reliance Industries, and HDFC Bank.


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