Nifty struggles below 7750, Sensex wobbly; TCS gains 1% -- 10 Sep 2015

TCS is up 1 percent while Hindalco, HUL, SBI, Vedanta and ONGC are major laggards in the Sensex.

                           

The market continues to slip further as the Sensex is down 302.72 points or 1.2 percent at 25416.86 and the Nifty is down 101.30 points or 1.3 percent at 7717.30. About 487 shares have advanced, 1508 shares declined, and 53 shares are unchanged. TCS is up 1 percent while Hindalco, HUL, SBI, Vedanta and ONGC are major laggards in the Sensex. The rupee trimmed its initial losses but was still down by 20 paise to 66.61 against the greenback on weak domestic equities and sustained dollar demand from importers amid higher dollar overseas. The domestic unit gave up its overnight gains and resumed sharply lower at 66.72 per dollar as against yesterday's level of 66.41 at the Interbank Foreign Exchange (Forex) market The dollar index is currently up 0.02 percent at 95.96 against a basket of six currencies. Crude oil prices fell in early Asian trade as weak Japanese and Chinese economic data fuelled concerns that low levels of investment could further erode already slow growth in Asia. In New York, the dollar trimmed early gains against the yen and the euro yesterday, but remained higher against both even as falling Treasury yields dulled the dollar’s luster.

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