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The market was marginally lower in early trade with the
Sensex troubled below 28000 level amid consolidation. Investors waited for
speech by the Federal Reserve System Chief Janet Yellen at Jackson Hole.
The
Sensex was down 32.64 points at 27952.90 and therefore the smashing declined
16.20 points at 8612.95. NTPC and HPCL fell 1-2 p.c once half-moon earnings
declared yesterday evening. HDFC, Reliance Industries, L&T, ligneous
plant and Sun drug company were stressed whereas Infosys, Asian Paints, Adani
Ports, TCS and Wipro gained. The rupee has opened higher by seven paise at
67.12 per dollar against previous shut of 67.19 a dollar.
Ashutosh Raina of
HDFC Bank says the market attention is totally targeted on Fed Chief Janet
Yellen's Jackson Hole speech this weekend, once some hawkish comments from Fed
speakers have redoubled the chance of Fed hiking interest rates prior to
anticipated.
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