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    Sensex, Nifty fall more than 1%; HDFC, Reliance top laggards

    Sensex, Nifty fall more than 1%; HDFC, Reliance top laggards

    Sensex, Nifty fall more than 1%; HDFC, Reliance top laggards
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    By Ajay Vaishnav   IST (Updated)

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    After opening at 38027.81, the BSE frontline index has ranged between a high of 38,027.81 and a low of 37,597.05.

    The Indian market extended losses on Monday tracking volatility in the Indian rupee against the US dollar. Trade sentiment turned negative amid weak Asian cues as concerns over the ongoing US-China trade war returned to haunt investors.
    After opening at 38027.81, the BSE frontline index has ranged between a high of 38,027.81 and a low of 37,597.05. At 11.45 am, it traded lower by nearly 438 points, at 37,653.12.
    The NSE index has ranged between the high of 11,464.95 and a low of 11,373.90. It slipped by over 119 points to trade at 11,395.85 at 11.45 am.
    Midcaps recovered a bit yet traded weak. BSE LargeCap remained under pressure, dipping by 0.91 percent.
    Among BSE sectoral indices, realty, metal, IT, healthcare and basic materials traded positive rising by up to 1.05 percent, while finance, energy, bankex were under maximum pressure.
    Among stocks on the BSE, HDFC, Reliance, NTPC, SBI, Hero MotoCorp, HDFC Bank, Tata Motors shares traded lower on the BSE index. Only Tata Steel, Wipro, TCS were in the positive zone.
    Among NSE sectoral indices, oil marketing companies were leading gainers with BPCL rising by 2.68 percent, HPCL by 2.32 percent and IOC trading higher by 1.45 points.
    Other major gainers among 16 advancing stocks were Tata Steel and Wipro along with Grasim, Dr Reddy, Zee Entertainment, rising by up to 0.82 percent.
    HDFC and Bajaj Finance were the top two losers on the broader 50-share NSE index, slipping lower by 2.25 and 2.05 percent, respectively. Other lop laggards were Indiabulls Housing Finance, Titan, Reliance, SBI, NTPC, HDFC Bank and ICICI Bank among 34 other declining shares.
    The Indian rupee recovered mildly against the US dollar, trading at 72.54 at 11.53 am.
    Hong Kong's Hang Seng recovered from the day's low to trade at 1.37 percent.
    Also, catch all the action and updates in our Market Live blog
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    Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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