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Sensex & Nifty erase opening gains; M&M, Dr Reddy’s gain

stocks in trend, Happy New Year 2018, Market Update, Online Share TradingSensex, Nifty indices were trading higher in early trade Tuesday, tracking positive cues from other Asian stocks. However, the indeed slipped in red in later hours.

The BSE Sensex and NSE Nifty were trading down 0.01% each at 33,810.28 and 10,436.70 respectively in late morning hours at the time of writing this report.

Shares of Mahindra & Mahindra, Dr Reddy’s, Cipla, Sun Pharma, GAIL India, TCS, ONGC, Tata Steel, Coal India, HCL Technologies and Infosys opened in green, in early morning trade.

Shares of Eicher Motors Limited fell 2 percent to Rs. 29,300 as it reported Royal Enfield’s total sales of December up 17% at 66,968 units.

Shares of Bajaj Auto Limited rose 1.5 percent to Rs. 3,341 after the company announced its December sales rose 30 percent from a year ago to 292,547 units.

Shares of TVS Motors rose 3.1 percent to Rs. 790.25 after the company announced its total December sales up 39 percent at 256,909 units from 184,944 units, year-on-year.

The Indian Rupee opened flat at 63.69 per USD and was trading at a five-month high level of 63.62 in the morning hours.