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Volatile equity markets erase gains as investor confidence remains fragile
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Mumbai, Sept. 5 -- Incessant rains and a watchful mode for fresh government stimulus kept stock markets non-committal on Tuesday. Benchmark index, S&P BSE Sensex, fell 0.22% or 80.32 points to close at 36,644.42, after rising as much as 0.5% earlier in the day. The NSE Nifty 50 Index closed almost flat.
Among sectors, the Nifty Realty index slipped the most, by nearly 2%. On the contrary, auto stocks gained the most. Among Nifty stocks, Tata Motors, Coal India, ONGC, BPCL and Yes Bank were gainers, while HDFC, ICICI Bank, Indiabulls Housing, TCS and Kotak Mahindra Bank were among the losers.
Sensex has lost 9.1% from this year's peak recorded in June, as the pace of economic growth has slowed to its lowest in six years. Investor confide...
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