Nifty and Bank Nifty trade in tight range

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Nifty and Bank Nifty both continue to gyrate in a tight trading range even in the afternoon trades.

HDFC twins, ICICI Bank and Reliance Industries are the major laggards, while Sun Pharma, Infy and IndusInd Bank are bucking the negative trend. The India Vix is down by 4%.

At 1:30 AM, the Nifty 50 was at 10,366 points, down 31 points. BSE-Sensex was at 33,766 points, down 78 points.

In the broader market, the BSE Midcap and the BSE Smallcap indices are trading marginally in the red.

MTNL surged ahead of government press meet on PSU telecom companies.

SSWL commissions new plant in Chennai, stock gains 2%.

Auro Pharma (+3.53%), Sun Pharma (+3.05%), Adani Ports (+1.82%), Indiabulls Housing Fin (+1.71%) and HCL Tech (+1.27%) were the top gainers on Nifty50.

Dr Reddy (-2.35%), ONGC (-2.16%), GAIL (-1.79%), Ambuja Cement (-1.64%) and Infratel (-1.49%) were the top losers in today’s trade.

A total of 6 stocks registered a fresh 52-week high in trade today, while 53 stocks touched a new 52-week low on the NSE.


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