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Nifty50 after a roller coaster ride throughout session closed
flat on July 9 and formed a 'Hammer' pattern on daily charts. After pricing in
tax proposals announced in Budget, the market shifted its focus to June quarter
earnings season that will be kicked off by IT major TCS later today.The index
after opening lower at 11,531.60 hit an intraday low of 11,461 on weak global
cues, but recovered morning losses and hit a day's high of 11,582.55 in the
afternoon. Overall it was a consolidation day for the market after a sharp fall
seen in the previous two consecutive sessions. The index closed 2.70 points
lower at 11,555.90. Maruti
Suzuki hits over 2-year low; down 10% in three days Adani Power, Just Dial,
Varun Beverages hit 52-week highs BSE Consumer discretionary index hits 52-week
low; Bata, DMart down over 3% Mindtree hits 52-week low; stock dips 17% in two
days after top mgt resigns Share buyback runs into tax roadblock, govt move may
hurt repurchase No clarification over FPI surcharge needed at present, says FM
Sitharaman
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