JP Associates, Jaiprakash Associates, Jaiprakash Associates Share Value, Markets Flat IT Stocks Gain

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JP Associates, Jaiprakash Associates, Jaiprakash Associates Share Value, Markets Flat IT Stocks Gain

Posted by liveyou 83 days ago (Editorial)

JP Associates, Jaiprakash Associates, Jaiprakash Associates Share Value, Markets Flat IT Stocks Gain -

The key benchmark indices remained flat in the afternoon trades. The Sensex was up 21 points at 16,898 levels and the Nifty rose 4 points to 5,037.

Gains in IT and auto stocks were offset by losses in realty and oil & gas counters.
In the Sensex pack, JP Associates was the top loser, down 1.5 per cent. HUL, Grasim Ind and Maruti Suzuki were the other main losers in the group.

Tata Motors, however, was the biggest gainer in the pack. The stock rose 2.6 per cent. M&M was up 2 per cent and Bharti Airtel gained 1.9 per cent.

Asian stock markets mostly fell on Wednesday, taking a lead from Wall Street where investors
fretted over the prospect of higher interest rates after a measure of US inflation rose.

In the US on Tuesday, stocks fell for the first time in five days and Treasurys slipped after a jump in wholesale prices stoked concerns that the Federal Reserve would be forced to raise interest rates.

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