MARKET LIVE: Sensex, Nifty slip into red; Dr.Reddy’s shines, Airtel whines

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BSE, Markets, equities

Stock updates: The key benchmark indices were seen consolidating in a narrow band in trades on Wednesday, even as global cues remain encouraging. Back-to-back hike in fuel prices seem to weigh on the investor sentiment, as it would result into a spike in inflation. 

The S&P touched a high of 58,417 in early deals, but was down around 100-odd points around 58,060. The too was marginally in red.

Pharma major, Dr.Reddy’s was the top gainer, up around 3.5 per cent. Tech Mahindra, ITC and HCL Technologies were the other notable gainers. On the other hand, Bharti Airtel, Kotak Bank, Maruti and Asian Paints were the significant losers, down over a per cent each.

The broader were outperforming the benchmarks. Both, the Midcap and Smallcap indices were up around 0.4 per cent each.

Sectorally, the Healthcare and Power indices gained more than a per cent each. Most of the other sectoral indices held marginal gains.

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