Sensex stages recovery after falling 300 points in early trade

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The Sensex touched a high of 34,341.46 points and a low of 33,899.34 points during the intra-day trade.

United States stocks fell last Friday as weakness in shares of banks and finance firms added to the political and trade tensions weighing on the market. EMini futures for the S&P 500 nudged up 0.38 percent, while Japan's Nikkei added 0.2 percent.

At 10am, Sensex was down 0.12% at 34,151.86 points, while the Nifty 50 edged down 0.14% to 10,466 points.

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In Fridays' trading session, FII's sold 399 crores stock in the cash market whereas DII's bought 306 crores worth of stock.

Other major losers were Tata Motors, Wipro, Axis Bank, ONGC, NTPC, RIL, Dr Reddy's SBI, Bharti Airtel, ICICI Bank, Maruti Suzuki, Asian Paint and Tata Steel, falling by up to 1.54 per cent.

Tata Motors Ltd shares declined over 2% after a news report said that Jaguar Land Rover is planning to cut almost 1,000 jobs as it scales back production at some of its United Kingdom sites.

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Sectorally, the BSE realty index ended 1.82 per cent higher followed by healthcare by 1.11 per cent. FMCG rose 0.96 per cent, power 0.67 per cent, infrastructure 0.52 per cent, capital goods 0.44 per cent, auto 0.33 per cent and bank 0.30 per cent.

Tata Motors which closed 4.96% lower at 339 level was the top Sensex loser on reports that Britain's biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to fall in sales caused by uncertainty around Brexit and confusion over diesel policy.

The broader markets too continued to rule firm as investors were seen enlarging their bets, lifting the small-cap index by 0.56 per cent and mid-cap index by 0.34 per cent.

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This is published unedited from the PTI feed.

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