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Sensex on the backfoot, Nifty steps below 9,600

Press Trust of India  |  Mumbai 

The washed out initial gains and the dropped below 9,600 in the late morning trade today on account of selling pressure, mainly in the metal counter.

The 30-share gauge resumed higher before dropping to 31,079 at 1209 hours, down 24.49 points, or 0.08 per cent.

The 50-share also moved down by 14 points, or 0.15 per cent, to 9,592.90 at 1209 hours.

Major gainers were (2.60 per cent), followed by Dr Reddy's Lab, Hero MotoCorp, PowerGrid and

However, fell and so did and

Foreign funds sold net Rs 312.40 crore yesterday as per provisional figures.

Overseas, most Asian stocks were trading lower in their morning trade as investors waited for the Federal Reserve's policy move today.

In the US, Dow and S&P 500 closed at record yesterday as technology rebounded following a two-day decline.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 14 2017. 12:42 IST