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Sensex, Nifty Marginally Lower In Early Trade

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(RTTNews) – Indian shares were subdued on Friday after recent string of gains.

The benchmark S&P BSE Sensex dropped 85 points, or 0.1 percent, to 62,187 in early trade, after having closed at a record high the previous day. The broader NSE Nifty index was down 15 points at 18,468.

Bajaj Finance, Nestle India, Grasim, Tata Consumer Products and Hindustan Unilever all fell around 1 percent while Coal India, BPCL, Axis Bank, Larsen & Toubro and HDFC Life rose 1-2 percent.

Lupin slipped half a percent. The U.S. health regulator has issued Form-483 with eight observations for its drug product facility and API facility at Mandideep.

Veranda Learning Solutions jumped nearly 3 percent after partnering with IIM Raipur & SHRM to launch online MBA.

Fino Payments Bank fell over 1 percent. Capri Global Holdings bought an additional 6.06 lakh equity shares in the company via open market transactions.

SJVN dropped 1 percent despite news it has commissioned a 75 MW solar power project at Parasan Solar Park in Uttar Pradesh.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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