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Sensex, Nifty Lackluster In Early Trade


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(RTTNews.com) - Indian shares were moving in a narrow range on Friday as the European Central Bank delivered a dovish message and the Trump administration reportedly approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods.

The benchmark BSE Sensex was down 2 points at 35,597 in early trade after losing around half a percent in the previous session to snap a three-day winning streak. The broader Nifty index was marginally higher at 10,814.

Vedanta was little changed amid reports that it is mulling options including lay-offs for some of the 2,000 employees of its iron ore business in southwest India.

Lupin climbed 1.2 percent on receiving the U.S. FDA approval for pregnancy prevention tablets.

TCS gained more than 1 percent ahead of a board meet today to discuss share buyback proposal.

Wipro added half a percent on winning a supply chain management contract from Nokia.

Dr. Reddy's Laboratories jumped 2.6 percent on receiving final approval from the U.S. health regulator for launching a generic version of Suboxone in the United States.


Read the original article on RTTNews (http://www.rttnews.com/2905329/sensex-nifty-lackluster-in-early-trade.aspx)

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This article appears in: World Markets , Stocks , Economy , Oil
Referenced Symbols: NOK ,


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