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When inflation is at decade high it is advisable to choose what you buy, hold, and sell in the market.
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At close, Sensex index slumped 714 points or 1.2% to 57,197. Pain in the broader markets was milder compared to benchmark indices
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HCL Tech, Tata Steel, & Bharti Airtel were the gainers on the Sensex surging upto 3%
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Moving averages are a good way to see the momentum in the stock market and confirm trends.
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Market did not like the news of their HDFC twins merger. Perhaps this is the reason that since the announcement, both the shares have fallen sharply
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If the upward momentum in RIL continues in tomorrow's session then it will be India's first company to hit market capitalisation of Rs 19 trillion
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Shares of Infosys are falling after its weak results. Investors are scared to see the breakdown in this giant stock
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Reliance Industries hit a fresh 52-week high of 2759 rupees in early trade
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Sectorally, the Nifty Auto index was in the fast lane as it zoomed away 2.2%, followed by Nifty Oil & Gas, IT, FMCG & Pharma indices rallied 1-2%.
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In opening trade, Sensex zoomed 502 points or 0.89% to 56,965. 26 out of 30 Sensex stocks were trading in the green.