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Tuesday, 25 November 2014

Bluechips quiet but mid-, small-caps gain 0.5-0.8%

11:00 am: Frontline Indian shares slipped marginally in early trade after a quiet start but the market marked the comeback of the high-beta trade with oil & gas and metal sectors as well as mid- and small-cap shares outperforming.

At the time of writing, the Sensex was down 39 points, or 0.14 percent, to 28,298 while the Nifty was down 16 points, or 0.19 percent, to 8,447.

Among the Nifty 50 shares, GAIL, Asian Paints and Cipla were the top gainers, with a 1.9 percent to 3.1 percent rise while Bajaj Auto, HCL Tech and Zee Entertainment were the biggest losers, with 1.6 percent to 4.6 percent losers.

Shares in metals and mining, and oil and gas companies were up about 0.4 percent on average. Utility stocks too notched up a 0.7 percent gain.

But losses in heavyweight financials and autos pressured the benchmark indexes with a 0.2 percent loss.

Small- and mid-cap shares outperformed the margin, rising 0.5 percent and 0.8 percent, respectively. A number of such stocks, such as Escorts Finance, Emkay Global, Welspun Syntex and Hindustan Everest, were locked in upper circuit filters with no sellers.

The market breadth too remained favourable with 1296 advances to 975 declines among BSE traded scrips. More information please visit this site

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