The market is still flat with the
Nifty hovering around 8550-level. The 50-share index is up 10.85 points at
8548.50 and the Sensex is up 91.20 points at 28533.93. About 1402 shares have
advanced, 1280 shares declined, and 123 shares are unchanged.
ITC, Sesa Sterlite, Cipla, HUL and
ONGC are top gainers in the Sensex. Among the losers are ICICI Bank, Bharti
Airtel, BHEL, Hindalco and Tata Power.
Coal India is down 1 percent as
its workers union is mulling to go for a strike to protest against the coal
ordinance and company’s divestment plans.
Meanwhile, any revision in gold
import duty is unlikely to take place before the Budget and there is no proposal
as of now to reduce the 10 percent duty, a finance ministry official said.
There has been widespread expectations of reduction in customs duty on gold
due to the improved current account deficit situation. The Commerce Ministry
has also been pitching for a cut in import duty on the precious metal. More
information please visit this site www.bigprofitbuzz.com
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