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Sensex up 47 points at 11,062
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August 09, 2006 10:40 IST
Last Updated: August 09, 2006 11:39 IST

The markets have bounced back after slipping a little bit in morning trade. At 10:25 am, the Sensex was up 47 points at 11,062. The Nifty was up 13 points at 3,226.

Banking stocks were leading the market today, as Fed paused the interest rate hike.

The BSE Bankex gained 1.18% as Allahabad Bank, Centurion BoP, Bank of India, Canara Bank, Oriental Bank, Andhra Bank, IOB, PNB, ICICI Bank, Union Bank and UTI Bank were minting the money.

Hero Honda, ICICI Bank, SBI, Bharti Airtel, Reliance Energy, PNB, Oriental Bank and HCL Tech were the top gainers.

The losers were BHEL, Wipro, Infosys, TCS, NTPC, Sun Pharma, HDFC Bank and Grasim.

All BSE indices were in positive terrain.

Sensex @ 0957 hrs

The markets were witnessing selling pressure in opening trade, as global markets were down and investors worried that more increases might still be ahead. At 9:57 am, the Sensex was down 20 points at 10994.

The Nifty was down 12 points at 3200.

SBI, Hindalco, Rel Comm, HLL, BHEL, ACC, ICICI Bank, SAIL, Wipro, Cipla, TCS, Grasim, PNG and ONGC were the top losers.

However, Hero Honda, Bharti, India Infoline, HPCL, Tata Tea, Balrampur, Bajaj Hind, Indiabulls, Pantaloon, Syndicate Bank and Tata Power gained.

Asian markets were witnessing selling pressure. Japan's Nikkei share average plunged 174.38 points or 1.13% at 15,290.28.

FIIs were net buyers of $24.9 million and MFs net buyers of Rs 99.3 crore (Rs 993 million) in equity on August 7.

US stocks ended modestly lower; Dow Jones fell 45.79 points, or 0.41%, to 11,173.59 after fluctuating shortly after the Fed's announcement.

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