Sensex fails to maintain initial gains, down 13 points - Times of India

The author has posted comments on this articlePTI | Jul 10, 2013, 12.00PM IST MUMBAI: Erasing early gains, the BSE benchmark Sensex on Wednesday fell by 13 points to 19,426.48 in the late morning trade on mild selling pressure mainly in metal, auto, refinery and realty sectors despite buying in consumer durables, IT and banking sectors. The 30-share index resumed higher at 19,482.66 and firmed up further to 19,505.93 on persistent buying on the back of higher global cues. However, it declined afterwards to 19,423.34 before quoting at 19,426.48 at 1015hrs, showing a loss of 13 points or 0.07% from its last close. However, the NSE 50-share Nifty inched up by 2.25 points, or 0.04%, to 5,861.25 at 1015 hrs. Major losers were Tata Steel (1.76%), Jindal Steel (1.15%), Coal India (1.03%) and Tata Motors (0.93%). However, Tata Power firmed up by 1.11%, Cipla 1.09%, SBI 0.85%, NTPC 0.70% and Infosys 0.66%. Most Asian stocks rose in their early trade after an improved economic outlook clinched a fourth day of improvement for US equities yesterday. Key benchmark indices in China, Hong Kong, Singapore, Japan, and Taiwan rose by 0.09% to 1.01% and South Korea's Kospi declined 0.16%. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHQ0fBjlAJJ5REe7XhPoezdZKVmcg&url=http://timesofindia.indiatimes.com/business/india-business/Sensex-fails-to-maintain-initial-gains-down-13-points/articleshow/20999955.cms

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