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Sensex, Nifty open lower amid weak global cues; Axis Bank, ONGC up 3%

Market breadth narrow as 395 shares advance against a decline of 203 shares

Mumbai.

It’s a negative start to the week, with the Nifty trading around one-third of a percent lower.

The Sensex is down 71.27 points or 0.20% at 34940.38, while the Nifty is lower by 37.60 points or 0.36% at 10515.40.

The market breadth is narrow as 395 shares have advanced, against a decline of 203 shares, while 52 shares are unchanged.

The Bank Nifty is lower by around 0.4 percent, while energy and infra sectors have declined the most. In the broader markets, the Nifty Midcap index is down over half a percent too.

Shares of Axis Bank and ONGC are up over 3 percent on the back of good results.

Rupee opens weak at 72.80 per dollar USD-INR pair is expected to quote in the range of 73.05 and 73.60, says Motilal Oswal

At pre-open equity benchmarks had started higher with the Nifty surging past 10,550.

Sensex too went up 249.39 points or 0.71% at 35261.04, while the Nifty was higher by 10.70 points or 0.10% at 10563.70. The Indian rupee has opened weaker at 72.80 per US dollar.

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Sensex, Nifty open lower amid weak global cues; Axis Bank, ONGC up 3%
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