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Wednesday, 4 January 2017

Nifty hovers around 8200; Sensex down over 10 points, stock option trading tips

After choppy trade, benchmark indices remained at a loose end for the third consecutive trade on Wednesday, with BSE Sensex down 10.11 points at 26633.13 and the 50-share NSE Nifty fell 1.75 points to 8190.50 on closing. 
The sentiment affected after Centre and state governments failed to reach consensus on the issue of dual control at GST Council meeting that ended today. Also, negative opening in European markets affected the outlook.  

Broader markets outshined headline indices with BSE Midcap losing 0.1%, while BSE Smallcap gained 0.4%. About 1624 shares advanced while 1163 shares declined. 

HCL Technologies, Bharti InfratelBHEL, Tech Mahindra, Bajaj Auto, ONGC, Tata Motors and Wipro were positive contributors with 1.5 to 3 percent upside while Reliance Industries, HUL, Lupin, ICICI Bank, Cipla, Kotak Mahindra Bank, ACC and Eicher Motors were suffered going down 0.6-2 percent.

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