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Markets erase all gains to turn red; Metals, pharma stocks drag

Tata Motors gained as much as 5% on better than expected March-quarter results

Pranati Deva  |  New Delhi 

Benchmark indices erased all gains to turn red in the afternoon trade with Nifty below 9,400 on mixed global cues after Wall Street ended higher on US President Donald Trump's first full budget plan which calls for an increase in military and infrastructure spending but also cuts in areas including healthcare and food assistance.   Sentiment was also affected as Asian Stocks were trading lower after Moody's cut its sovereign credit rating on China. Back home fresh tensions at Indo-Pak border capped the gains after India stroked Pakistan military posts near LoC.   At ...

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First Published: Wed, May 24 2017. 13:05 IST
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