1:30 pm Gold special: Gold
prices fell marginally by 0.15 percent to Rs 26,797 per ten grams in futures
trade as speculators trimmed their positions, taking weak cues from the global
markets.
However, token buying by retailers in the spot
markets on the auspicious occasion of "Akshaya Tritiya" day limited
the losses. At the spot markets, gold traded lower at Rs 27,200 per ten grams
in opening trade at Chennai.
Analysts said the fall in yellow metal prices at
futures trade was mostly in tandem with a weak trend overseas but token buying
by retailers at spot markets on account of Akshaya Tritiya, considered to be
most auspicious day for buying gold and silver, restricted the fall.
Don't miss: Sun Pharma plunges 11% as
Daiichi Sankyo offloads stake
The market is still in the green as the Sensex is
up 9.95 points at 27896.16 and the Nifty is up 6.95 points at 8455.05.
About 1370 shares have advanced, 1076 shares declined, and 165 shares are
unchanged.
Realty stocks are higher with the index gaining
over 1 percent after the controversial Mumbai Development Plan 2015-2034 is
scrapped. The Maharashtra Government has directs BMC to submit reworked Mumbai
Development Plan in four months. The reworked Mumbai Development Plan will be
put up for public review. The draft development plan 2015-2034 of the BMC had
several ommissions and flaws. In land use plan development plan, for instance,
had not marked more then 40 percent of heritage structures. The development
plan had shown roads through existing buildings and some places of worship.
Bharti Airtel, Axis Bank, ICICI Bank, Tata Steel
and Coal India are top gainers in the Sensex. Among the losers are Sun Pharma,
HUL, Maruti, Hindalco and Dr Reddy's Labs. For More information please visit
this site www.appsmine.org
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