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Sensex Flat In Midday Trading; Asian Paints Soars Over 3%

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Asian Paints, Axis Bank, Nestle and Hindustan Unilever got around 2 per cent eachThe domestic indices are trading marginally at a loss, amid volatility, as they seem to be combining the huge gains registered in the past 2 trading sessions.

The Sensex has actually oscillated in a variety of nearly 700 points between an intra-day low of 57,277.88 and a high of 57,918.71 and since 1:10 pm, the BSE criteria is trading at 57,499.57, lower by 53 points and the Nifty is at 17,114.80, down 13 points.

The Sensex and Nifty struck brand-new life time highs of 57,918.17 and 17,225.75 respectively previously in the day.The wider markets are exceeding the benchmark indices, with the BSE MidCap and SmallCap indices advancing 0.7 per cent and 0.2 percent respectively.On the economy front, the GDP expanded at record 20.1 per cent in April-June, the first quarter of fiscal year, compared with the very same period a year earlier, driven mainly by making and building, the stats ministry said post market hours on Tuesday.Meanwhile, manufacturing activity's growth in India was sluggish in August 2021 due to the coronavirus pandemic and increasing input expenses, IHS Markit stated in a report.

IHS Markit's Purchasing Managers' Index (PMI) fell from 55.3 in July 2021 to 52.3 in August 2021.

And working with activity concerned a time out as company self-confidence got moistened due to Covid's impact.On the stock-specific front, Asian Paints soared more than 3 per cent to top the gainer's list on the BSE.

Axis Bank, Nestle, Hindustan Unilever and Titan also acquired around 2 per cent each in the BSE pack.On the other hand, M&M, Tata Steel and Bajaj Finserv lost 1-2 percent each on the BSE.

IT stocks are also trading weak, with Infosys, TCS and HCL Tech shedding around a per cent each on the BSE.The BSE market breadth is weak.

Out of 3,249 stocks traded on the BSE, there are 1,457 advancing stocks as against 1,626 decreases.




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