Stock Market LIVE Updates: Banks, financials trade weak. Buying seen in auto stocks. Zee, Dish TV up 10%

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Domestic equity benchmarks started Wednesday’s session on a flat note amid thin buying interest across sectors. ONGC, Shree Cements, Titan, HeroMoto and Bajaj Auto were among top blue-chip performers. On the other hand, IndusInd Bank, Axis Bank, HDFC Bank, Tech Mahindra and Tata Steel were among top losers.

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Nifty Media up 20% in last 2 days; Zee gains over 50% in 2 days

Top gainers in IT pack

Price as on 15 Sep, 2021 09:24 AM, Click on company names for their live prices.

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Titan, Airtel, Bajaj Auto among top Sensex gainers

Opening Bell: Sensex rises 50 points, Nifty above 17,400; IPCA Labs jumps 3%, ZEEL 2%

Pre-open session: Sensex gains 170 points, Nifty at 17,375

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SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 23.5 points, or 0.14 per cent, higher at 17,414.50, signaling that Dalal Street was headed for a positive start on Wednesday.

Tech View: Nifty50 bulls lack conviction at highs

Nifty50 on Tuesday formed a small bearish candle on the daily chart and marked the sixth day of narrow trading moves for the index. The NSE barometer ended the day within its recent consolidation range of 17,250-450, despite hitting a fresh all-time high. Analysts said the bulls lack conviction at highs.

Hong Kong stocks fall at open

Hong Kong stocks sank at the open of trade Wednesday morning, in line with a retreat across Asian markets that was fuelled by Wall Street losses as investers fret over the global economic recovery. The Hang Seng Index fell 0.73 percent, or 186.27 points, to 25,315.96. The Shanghai Composite eased 0.33 percent, or 12.11 points, to 3,650.49, while the Shenzhen Composite Index on China’s second exchange gave up 0.47 percent, or 11.70 points, to 2,477.19.

Japan stocks open lower on profit-taking

Tokyo stocks opened lower on Wednesday as investors sought to lock in profits after recent rallies, with falls on Wall Street also weighing on the market. The benchmark Nikkei 225 index was down 0.65 percent, or 200.30 points, at 30,469.80 in early trade, while the broader Topix index slipped 0.81 percent, or 17.18 points, to 2,101.69.

Gold steady above $1,800 per ounce

Gold prices held above the key psychological level of $1,800 as the dollar and bond yields came under pressure after a tamer-than-expected rise in US inflation led to uncertainty on when the U.S. central bank will begin tapering its asset purchases. Spot gold was steady at $1,802.86 per ounce on Wednesday, having hit a one-week peak of $1,808.50 in the previous session.

Dollar drifts as soft inflation raises taper timing questions

The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year. The dollar index stood at 92.632, little changed from Tuesday, when it dropped following the inflation data only to recover on haven demand as stocks slid on Wall Street.

US stocks end lower

US stocks went back to falling on Wall Street Tuesday after a blip higher the day before, giving the S&P 500 its sixth loss in the last seven trading days. On Tuesday:The S&P 500 fell 25.68 points, or 0.6%, to 4,443.05. The Dow Jones Industrial Average fell 292.06 points, or 0.8%, to 34,577.57. The Nasdaq fell 67.82 points, or 0.4%, to 15,037.76.

Sensex, Nifty on Tuesday

Equity indices resumed their climb on Tuesday after a day’s pause following gains in IT, bank and engineering stocks amid a muted trend overseas. The 30-share BSE Sensex ended 69.33 points or 0.12 per cent higher at 58,247.09. The broader NSE Nifty advanced 24.70 points or 0.14 per cent to its fresh closing record of 17,380.

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