Indian equity benchmarks staged some recovery in the midday
session, on the back of heavy buying at Power and Utilities counters. However,
negative cues from other Asian markets kept indices lower.

The Sensex is trading at 58,014.78, down by 100.72 points or
0.17% after trading in a range of 57,744.70 and 58,147.04. On the index, 16
stocks advanced and 14 stocks declined.

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The broader indices were trading in green with the BSE
Midcap index up by 0.48%, while the Small cap index was up by 0.39. The top
gaining sectoral indices on the BSE were Power up by 1.34%, Utilities up by
1.15%, PSU up by 0.94%, FMCG up by 0.58% and Consumer Durables up by 0.58%,
while Metal down by 1.10%, Realty down by 0.89%, TECK down by 0.69%, IT down by
0.61% and Auto down by 0.32% were the top losing indices on BSE.

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The top gainers on the Sensex were SBI up by 1.87%,
Indusind Bank up by 1.84%, Asian Paints up by 1.24%, Bajaj Finserv up by 0.86%
and NTPC up by 0.83%. On the flip side, HDFC down by 1.68%, Tech Mahindra down
by 1.44%, HDFC Bank down by 1.12%, Bharti Airtel down by 1.11% and Infosys down
by 1.05% were the top losers.

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The Nifty is trading at 17,300.50, down by 39.55 points or
0.23% after trading in a range of 17,215.85 and 17,331.35. On the index, 24
stocks advanced and 26 stocks declined.

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The top gainers on Nifty were Indusind Bank up by 2.33%,
SBI up by 2.07%, Divi’s Lab up by 1.17%, Apollo Hospital Ent. up by 1.13% and
Asian Paints up by 1.02%. On the flip side, UPL down by 3.47%, Hindalco down by
2.76%, Eicher Motors down by 2.31%, Hero MotoCorp down by 2.21% and SBI Life
Insurance down by 1.90% were the top losers.

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Asian markets were trading mostly in red with Nikkei 225 falling
384.69 points or 1.37% to 27,608.66, Straits Times trembled 5.13 points or
0.16% to 3,233.62, Jakarta Composite lost 35.78 points or 0.51% to 6,933.00,
Shanghai Composite declined 93.37 points or 2.86% to 3,166.59, KOSPI fell 14.70
points or 0.6% to 2,437.55, Taiwan Weighted dropped 289.82 points or 1.93% to
14,691.87 and Hang Seng decreased 545.98 points or 2.71% to 19,619.86.