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Monday, September 11, 2017

Equity Tips
Sensex, Nifty maintain early gains; Midcap outperforms, BPCL up 2%

Equity benchmarks opened higher on Tuesday, continuing uptrend for the second consecutive session.

The 30-share BSE Sensex reclaimed 32,000 level in early trade, up 118.77 points at 32000.93. The 50-share NSE Nifty rallied 27.35 points to 10,033.40.

The BSE Midcap and Smallcap indices gained half a percent each on positive breadth. About three shares advanced for every share falling on the BSE.

Tata Steel, Tata Motors, Tata Power, Sun Pharma, HUL, Reliance Industries, Larsen & Toubro, TCS, Lupin, Wipro and Vedanta gained up to 2 percent in early trade.

Bharti Infratel, Coal India and ONGC were under pressure on profit booking.

Tata Steel has concluded a new agreement under which its UK business stands separated from the 15-billion pound British Steel Pension Scheme (BSPS).

"Tata Steel UK has received confirmation from the pensions regulator that it has approved a regulated apportionment arrangement (RAA) in respect of BSPS," Tata Steel said in a statement.

As part of the arrangement, a payment of 550 million pounds has been made to BSPS by Tata Steel UK and shares in Tata Steel UK, equivalent to 33 percent stake, have been issued to the BSPS trustee, the steel giant said.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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