Markets flat in early trade; Sensex inches towards regaining 34,000-mark
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NEW DELHI: Benchmark equity indices opened with losses on Tuesday morning before flattening, a day after Sensex recorded its biggest intra-day gain in two years.
30-share BSE Sensex opened with a loss of 99.72 points on 33,818.22. The broader Nifty too lost more than 30 points at opening. However, in the initial fifteen minutes of trading, both the indices pared some of their losses.
On Monday, buoyed by global cues and encouraging macroeconomic data closer home, the Street made hefty gains as Sensex surged by more than 600 points.
In Tuesday's early trading, the PSU bank sub-index had made a strong comeback gaining more than 2 per cent. The index had finished in the red even amid the buying spree yesterday.
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The Supreme Court on Friday issued a notice to the Enforcement Directorate (ED) in response to a petition from former Delhi Deputy Chief Minister and Aam Aadmi Party (AAP) leader Manish Sisodia. Sisodia sought a relaxation of the bail condition that mandates him to appear before the investigating officer every Monday and Thursday.
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President William Ruto in a state of the nation address said the decision was made based on new information provided by our investigative agencies and partner nations. He didn't specify the United States.
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