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Thursday, 12 February 2015

Sensex, Nifty under pressure; Cipla, Maruti gain 2-4%

The market is under pressure as the Sensex is down 82.78 points at 28451.19. The Nifty slips 15.45 points at 8611.95. About 1416 shares have advanced, 1183 shares declined, and 243 shares are unchanged.

Cipla is up 4 percent while Maruti, Dr Reddy's Labs, Hindalco and Hero MotoCorp are top gainers in the Sensex. Among the losers are Tata Steel, Bharti Airtel, SBI, Sesa Sterlite and ITC.

Japan's Nikkei share average ended at its highest level in more than 7.5 years as the weak yen boosted exporters such as Toyota Motor Corp and Sony Corp, while investors awaited the outcome of Greek debt negotiations.

The Nikkei benchmark gained 1.9 percent to 17,979.72, the highest closing level since July 2007.

Meanwhile, global gold demand in 2014 declined marginally by 4 percent to 3,924 tonnes compared to the previous year even though 2013 was an outstanding year where the consumer demand had reached a record high, says the World Gold Council (WGC).

The overall gold demand stood at 4,087.6 tonnes in 2013, according to WGC 'Gold Demand Trend 2014' report. "The year 2014 was a year of stabilisation and innovation in the gold market with annual gold demand down by just 4 percent at 3,924 tonnes after the record-breaking level of buying seen in 2013. More information please visit this site

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