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Indian markets trade flat
Tue, 23 Jun 11:30 am

After opening the day on a positive note the Indian stock market indices have remained above the dotted line in the morning session. Buying interest is highest in capital goods stocks.

The BSE-Sensex is trading up by 29 points (0.10%) and the NSE-Nifty is trading up by 9 points (0.11%). The BSE Mid Cap index is trading up by 6 points (0.1%), while the BSE Small Cap index is trading up by 25 points (0.2%). The rupee is trading at 63.62 to the US dollar. Gold and Silver are trading at Rs 26,774 per 10 grams & Rs 36,662 per kilogram respectively.

Stocks in Automobile are trading on a positive note with Mahindra and Mahindra (M&M) trading and Tata Motors leading the gainers. M&M plans to launch six new tractors in the next three years each under its Mahindra and Swaraj brands. The company's tractor sales dropped to 19.56% in May at 19257 units as against 23940 units in the same month last year. The company witnessed de-growth in the tractor segment in the last fiscal year. However they expect a good monsoon this year and are optimistic that the overall tractor sales will grow about 5%.

Stocks in Cement sector are trading on a mixed note with ACC Ltd leading the gainers and India Cements leading the losers ACC has resumed mining limestone in Chaibasa Odisha after the same were closed pursuant to a notice served on them on October 10, 2014. Limestone is the key raw material in manufacturing of cement. This resumption will help the company to reduce the cost by Rs 50 per tonne.

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