The Equity Market has started off the August series on a negative territory, with NSE Nifty slipped below 10,000 marks on correction in banks and healthcare stocks. the country’s largest private banking sector ICICI Bank and major pharma companies Dr Reddy Labs was reported weak result on Thursday for the April – June quarter. Shares of ICICI Bank fell 2.12% to Rs 300.70 and Dr. Reddy’s Laboratories the worst loser after the pharma company reported a decline, down 5.66% at Rs 2,472.00 per share.
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The Equity market has opened on the green note on Thursday. Market extend gains in the morning trade with the Sensex rising more than 150 points after two days consolidation and despite the correction in Asian cues. At 11.15 AM, BSE Sensex is trading at 31405 up 159 points or 0.51 percent, while Nifty is trading at 9676 up 39 points or 0.40 percent.