 "Markets open flat for special trading session")
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Markets started a two-hour special trading session on a flat note. The Sensex was down seven points at 21,747 and the Nifty moved further away from the 6,500 levels with a seven point dip at 6,486.
Weakness in index heavyweights like ITC, HDFC and Infosys weighed on the indices.
Broader markets continued it uptrend. The mid and smallcap index advanced 0.3% each in an otherwise very flat market.
The Dow Jones industrial average fell 0.17 per cent, to 16,303. The S&P slipped 0.29 per cent, to 1,8667. The Nasdaq Composite dropped 0.98 per cent, to close at 4,277.
Back home, Health Care, Power and Realty indices up 0.1-0.2% were the only sectoral gainers.
Capital goods and Auto indices were almost unchanged.
FMCG, IT, Metal and banking indices lost between 0.1-0.2%.
Sun Pharma, Mahindra & Mahindra, Hero MotoCorp, Bharti Airtel and TCS up 0.6-0.8% were the leading gainers in opening trades.
On the other hand, Hindalco down 1.3% was the top loser after global rating agency Moody's placed the debt of Novelis, the Aditya Birla group's aluminium can maker, under review for downgrade to a probable default rating.
Dr Reddys Lab, Axis Bank, ITC, L&T and Infosys down 0.1-0.6%
Weakness in index heavyweights like ITC, HDFC and Infosys weighed on the indices.
Broader markets continued it uptrend. The mid and smallcap index advanced 0.3% each in an otherwise very flat market.
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Overnight, U.S. stocks dipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&P 500 to an intraday record high.
The Dow Jones industrial average fell 0.17 per cent, to 16,303. The S&P slipped 0.29 per cent, to 1,8667. The Nasdaq Composite dropped 0.98 per cent, to close at 4,277.
Back home, Health Care, Power and Realty indices up 0.1-0.2% were the only sectoral gainers.
Capital goods and Auto indices were almost unchanged.
FMCG, IT, Metal and banking indices lost between 0.1-0.2%.
Sun Pharma, Mahindra & Mahindra, Hero MotoCorp, Bharti Airtel and TCS up 0.6-0.8% were the leading gainers in opening trades.
On the other hand, Hindalco down 1.3% was the top loser after global rating agency Moody's placed the debt of Novelis, the Aditya Birla group's aluminium can maker, under review for downgrade to a probable default rating.
Dr Reddys Lab, Axis Bank, ITC, L&T and Infosys down 0.1-0.6%
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