Market gives up early gains
BSE, NSE have resumed trading after sun outage.The markets opened firm in the morning,tracking the Asian markets and buying continued.The sensex spurted 282 points in the opening trade.At 12.34 pm the sensex is up 47.89 points at 12745,and the Nifty is barely 6 points up at 3662.
All the Asian indices were trading with gains except the Nikkei share average, which slipped into negative territory on Wednesday as investors sold Canon Inc and other major contributors to the benchmark ahead of Friday's settlement of Nikkei futures and options. The market is often hit by volatility in the days leading up to the settlement, known in Japan as the "SQ" or "special quotation". The Nikkei was down 0.33%, at 16,788.47.
Reliance communications,Cipla,Dr Reddys labs were the top gainer on the sensex,while Gujarat ambuja cements,ACC,ITC, and TCS were the top losers.
All the Asian indices were trading with gains except the Nikkei share average, which slipped into negative territory on Wednesday as investors sold Canon Inc and other major contributors to the benchmark ahead of Friday's settlement of Nikkei futures and options. The market is often hit by volatility in the days leading up to the settlement, known in Japan as the "SQ" or "special quotation". The Nikkei was down 0.33%, at 16,788.47.
Reliance communications,Cipla,Dr Reddys labs were the top gainer on the sensex,while Gujarat ambuja cements,ACC,ITC, and TCS were the top losers.
posted by SY at 12:30 PM
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