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Monday, 22 September 2014

Nifty reclaims 8100; ITC gains 2%, BHEL & Hindalco drag



The market has made slight recovery as the Nifty reclaims the crucial 8100-level. The 50-share index is 8111.15, down 10.30 points. The Sensex is up 12.53 points at 27102.95. About 1546 shares have advanced, 1289 shares declined, and 99 shares are unchanged.

 Tata Motors, ITC, ONGC, ICICI Bank and Hero MotoCorp are top gainers in the Sensex. Among the losers are Cipla, BHEL, Tata Steel, Hindalco and Infosys.

Silver's sell-off extended to a second session on Monday, with the metal tumbling to a four-year low, as investors unwound long positions amid strength in the dollar and the possibility of a sooner-than-expected U.S. rate hike.

Weakness in gold, which fell to its lowest since January and was edging close to breaking below USD 1,200 an ounce, also weighed on silver and other precious metals. The precious metals group has seen sharp losses in recent days as the dollar index hit a four-year high last week on expectations the world's biggest economy will see the start of its rate-tightening cycle sooner-than-expected. More information please visit site www.bigprofitbuzz.com


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