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Sensex, Nifty trade volatile; Sun Pharma, PNB in focus

Zee, Yes Bank, Adani Ports and GAIL are among top gainers, while Cipla, ONGC, TCS and SBI were among top losers in today’s trade.
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Equity benchmark indices opened on a flat note on Tuesday ahead of May F&O expiry due on Thursday. Sun Pharma, SpiceJet, Pfizer, Aurobindo Pharma, Lakshmi Vilas Bank, and PNB are top stocks in focus ahead of Q4FY19 numbers today.

The Sensex was quoting at 39,658, down 25 points, while the Nifty was at 11,912, down 12 points. The market breadth was positive on the NSE with 898 shares advancing, 650 shares declining, and 533 remaining unchanged.

Zee, Yes Bank, Adani Ports, and GAIL are among top gainers, while Cipla, ONGC, TCS, and SBI were among top losers in today’s trade.

The Indian rupee opened lower at 69.68 against the greenback.

Shares of Reliance Communications (RCom) slipped 2% after the company posted a consolidated net loss of Rs7,767cr in the fourth quarter of 2018-19.

Shares of IndiGo hit a 52-week high on Tuesday after the company reported a profit of Rs589.6cr for the January-March quarter in FY19, compared to Rs117.6cr in the corresponding period of FY18.

The Volatility gauge, India VIX is down 0.97% at 16.03.

The most active stocks on the NSE are IndiGo, Zee, Yes Bank, and Reliance Industries.

Meanwhile, oil prices wavered after gaining more than 1% on Monday. Brent crude dipped 0.26% to $69.93 per barrel.

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