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Indian markets slide lower
Tue, 1 Sep 01:30 pm

After trading on a weak note during the morning session Indian Indices further moved southwards. Sectoral indices are trading on a negative note with stocks from the steel, banking and engineering sectors leading the losses.

The BSE-Sensex is trading down by 432 (down 1.7%) and the NSE-Nifty is trading down by 134 points (down 1.7%). The S&P BSE Midcap index is trading down by 1.8% and the S&P BSE Smallcap index is trading down by 1.6%. Gold prices, per 10 grams, are trading at Rs 26,856 levels. Silver price, per kilogram, is trading at Rs 34,580 levels. Crude oil is trading at Rs 3,170 per barrel. The rupee is trading at 66.43 to the US dollar.

Software stocks are trading mixed with Infosys Ltd and TCS witnessing maximum buying interest. As per a leading financial daily, leading global information technology, consulting and business processes company Wipro has launched Wipro LiVE Workspace, powered by VMware business mobility solutions. LiVE Workspace is an end-to-end standardized and integrated workplace offering. It consists of pre-defined tools, technologies and processes by which the users can enable access to their business applications and data, anywhere, anytime and through a device of their choice. The company's end user computing vision is to deliver a simple, agile and digital workplace solution to enterprises. Stock of Wipro is trading down by around 0.7%.

Stocks in the Automobile space are trading on a discouraging note with Escorts and Tata Motors DVR bearing the maximum burnt. As per an article in Livemint, Maruti Suzuki has reported 8.6% rise in its domestic sales during the month of August. The growth in sales was led by company's entry-level models including Wagon R and Alto. Domestic car sales in India have been rising month-on-month for consecutive nine months on the back of improved consumer sentiment. Presently the scrip of company is trading down by 1.1% on the BSE.

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Nov 20, 2017 (Close)