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Markets rally

SI Reporter  |  Mumbai 

The Sensex is up 80 points at 20,051 while the Nifty added 30 points at 6,026

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Updated at 1439 hrs

After a volatile session, are witnessing heavy selling pressure. The Sensex is near the day's low at 19,826 down 114 points and Nifty is down 36 points at 5950.

All the sectoral indices except FMCG index are trading in the red with Metal index leading the losers charts, the index uis down more tha 2% or 400 points at 16,503, followed by Auto, Realty and Healthcare indices.

Hindalco Industries is the top loser among the Metal stocks down nearly 5% at Rs 205. SAIL, Tata Steel, NALCO, NMDC and Sterlite Industries are the other losers among this pack.

Meanwhile, the European are trading marginally lower. French CAC is down 10 points at 3824 and FTSE is at 5662 down 15 points. Major Asian indices ended the day in the red, Nikkei ended at 9202 down 163 points, Taiwan Weighted closed at 8287 down 67 points, Shanghai ended marginally lower at 2978 and Hang Seng is also down 114 points at 23,096.

Hindalco Industries is the top loser among the Sensex stocks followed by Tata Motors, Tata Steel, Mahindra & Mahindra and J P Associates. However, ICICI Bank, ITC, L&T and RIL are the significant gainers on the Sensex.

Market breadth is extremely negative as 2180 stocks are declining and 787 stocks are advancing.

Result Update:

Auto major Mahindra & Mahindra has reported an increase of 7.8% in profit after tax at Rs 758 crore.

Public sector UCO Bank has reported decline in standalone profit after tax by 43% to Rs 119 cr.

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First Published: Fri, October 29 2010. 15:00 IST
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