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Sensex weak in early trade, Nifty also lost lead.


Mumbai, Feb 20(HS): After the bullish trend on the previous trading day, there was a slowdown in the Indian stock market on Thursday. In the initial trade, the SENSEX dropped to 30 points and reached the level of 41,300 points. Similarly, the Nifty was trading at 12 thousand, 120 points, down by 10 points. However, for some time both the Sensex and Nifty started trading with slight gains.

IndusInd Bank, ONGC, TCS, SBI and Axis Bank gained in the BSE index within half an hour of opening of the market on the fourth trading day of the week. On the other hand, declining stocks include Kotak Bank, HDFC and HUL.

Earlier on Wednesday, the Sensex gained 428.62 points to end at 41,323.00 and the Nifty gained 137.80 points to close at 12,130.30. In the day's trading, the Sensex touched an upper level of 41,357.16 and a low of 41,048.93. Similarly, the Nifty touched a high of 12,134.70 and a low of 12,042.10 in day trading.

Hindustan Unilever (2.71 percent), Bajaj Finance (2.61 percent), Reliance (2.60 percent), ONGC (2.47 percent) and HDFC (2.34 percent) were the top gainers. Sensex's falling stocks included Sun Pharma (1.33 percent), TCS (0.93 percent), Bharti Airtel (0.80 percent), LT (0.38 percent) and IndusInd Bank (0.28 percent). The stock market had seen a decline for 4 business days.

Hindusthan Samachar / Radha / Nagaraj Rao