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Sensex tanked 403 points or 0.70% to 56,953. Bajaj twins, UltraTech Cement, M&M and Infosys were the laggards slumping upto 4.4%.
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Nifty 50 held the 17,200 surging 246 points or 1.46%.Powergrid, Titan, M&M, IndusInd Bank, Bajaj Finance and RIL were the top gainers on the Sensex.
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The most common use of moving averages is to identify the direction of a trend and find support and resistance levels
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In opening trade, Sensex zoomed 633 points or 1.12% regaining the 57,000-mark. Nifty 50 was trading above the 17,100-mark rallying 196 points
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In the first quarter of this year, about 2 lakh people have said goodbye to Netflix
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Post a very long weekend our markets started with a huge gap down opening
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Nifty 50 settled at 16,953 tanking 218 points or 1.27%.
HDFC twins, ICICI Bank, Kotak Mahindra Bank and Nestle India were the top gainers on Sensex
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Barring the Nifty Auto index, all other sectoral indices were trading in the red. Nifty IT index slumped the most tanking over 2%
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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