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Market Update: Index Trade With Moderate Gains

Stock markets opened on a flat note and gradually moved on higher note on Thursday. However, markets failed to keep gains after selling pressure seen in most sectors. The Indian rupee strengthened to 69.98 per dollar agasint Wednesday's close of 70.27 per dollar. At 10.15 am, The Sensex was up 75 points to 36,711-levels, while the NSE Nifty was slightly up 8 points to 11,061 levels. The Nifty Metal index was trading near 1% lower with SAIL, Vedanta, and Coal India leading the losers. HPCL, L&T, Bharti infratel, and Reliance were trading higher, while Vedanta, IOC, Wipro, and IndiabullsHF were trading lower on the NSE. Shares of Biocon slipped 1.09% on the NSE in the morning trade. The company said that the USFDA has issued six observations in Form 483 after pre-approval inspection of its insulin drug substance manufacturing facility in Bengaluru. Shares in Suzlon Energy Ltd stock fall 10.76 2% after 0.26 crore shares changing hands on the NSE on Thursday. The most active stocks were Reliance Industries, Indiabulls HF, and Tata Elxsi on the NSE. Get Nifty Future Tips , Commodity tips, Stock future tips by Best Stock Advisory Service in India. Read the full article