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Last Updated : Oct 07, 2016 12:14 PM IST | Source: Moneycontrol.com

Sensex, Nifty under pressure; IT stocks continue to skid

Tata Steel, Tata Motors, M&M, Axis Bank and Lupin are top gainers while HDFC, Bajaj Auto, RCS, Cipla and Asian Paints are losers in the Sensex.


Moneycontrol Bureau

11:45 am British booster:
Tata Motors-owned Jaguar Land Rover today reported 28 percent increase in retail sales with 61,047 units in September.


The month's performance was driven by strong sales of the Land Rover Discovery, Discovery Sport, the Range Rover Evoque and the Jaguar F-PACE, as well as solid sales in China, Tata Motors said in a BSE filing.


The Jaguar brand sold 17,640 units in September, up 70 percent from the year-ago month, reflecting the strong launch of the F-PACE as well as continued solid sales of the XE, it added.

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Land Rover's September sales were at 43,407 vehicles, up 17 percent year-on-year, driven by strong sales of Discovery Sport and Range Rover Evoque which retailed at 12,838 units and 11,761 units, respectively.




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Selling pressure continues on Dalal Street as the Sensex is down 28.54 points or 0.1 percent at 28077.67. The Nifty is down 12.95 points or 0.1 percent at 8696.60.
About 1234 shares have advanced, 1038 shares declined, and 165 shares are unchanged.

Tata Steel, Tata Motors, M&M, Axis Bank and Lupin are top gainers while HDFC, Bajaj Auto, RCS, Cipla and Asian Paints are losers in the Sensex.


Gold prices were up by Rs 80 to Rs 29,655 per 10 grams in futures trade today as speculators took fresh positions on positive cues from global markets. Analysts said the rise in global market prices influenced the precious metal prices in futures trade here.


Globally, gold was trading 0.4 percent higher at USD 1,259.26 an ounce in Singapore today.


The pound suffered a "flash crash", its biggest drop since Britain voted in June to leave the EU, with confused traders scrambling to understand the reason for the sharp sell-off.


It also collapsed against the euro, with the single currency hitting a seven-year high 94.15 pence, before easing slightly as minutes from the European Central Bank indicated it is unlikely to trim its stimulus any time soon.




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First Published on Oct 7, 2016 11:00 am
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