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Sensex, Nifty trade volatile; Cox & Kings, Suzlon stocks drop

Equity benchmark indices opened in the positive zone on the first day of July series as global markets trade flat ahead of the Donald Trump-Xi Jinping meet in Osaka Japan.

Tech Mahindra, Dr. Reddy’s and Britannia are among top gainers on the Nifty, while Indiabulls Housing, Infratel and Yes Bank were under pressure.

The Sensex is down 5 points at 39,581, while the Nifty was slightly lower by 2 points to trade at 11,839 levels. Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red.

The US President Trump will also meet the Indian Prime Minister Modi to discuss the trade disputes after India imposed retaliatory tariffs on 28 US goods.

Shares of Cox & Kings hit 10% lower circuit after the company defaulted on payment of commercial papers worth Rs150cr.

The Volatility gauge, India VIX was up 0.80% at 14.76.

The most active stocks on the NSE are PFC, Indiabulls HF, Reliance and Yes Bank.

The Indian Rupee today opened higher at 69.01 per dollar against the previous close of 69.06 per dollar meanwhile, crude oil prices were steady with the focus shifting to the G20 summit where a scheduled meeting between US President Donald Trump and Chinese President Xi Jinping has stirred hopes that trade tensions could ease.

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