Stock market update: Mining stocks down as market rises

Stock market update: Mining stocks down as market rises
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Synopsis

The 30-share BSE Sensex closed up 36.74 points at 58803.33

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: Mining shares closed lower in the Friday's session.

Aro Granite Industries(up 2.14%), MOIL(up 1.28%), KIOCL(up 0.68%) and Ashapura Minechem(up 0.57%) stood among the top gainers.

Lexus Granito(down 4.94%), Oriental Trimex(down 3.04%), 20 Microns(down 2.48%), Madhav Marbles and Granites(down 2.31%), Orissa Minerals Development Company(down 1.76%), Pokarna(down 1.56%), Dvpt Corporation(down 0.93%), Coal India(down 0.43%) and NMDC Ltd(down 0.12%) were among the top losers of the day.

The NSE Nifty50 index ended 3.35 points down at 17539.45, while the 30-share BSE Sensex closed up 36.74 points at 58803.33.

ITC(up 1.75%), Adani Ports & Special Economic Zone(up 1.69%), HDFC(up 1.67%), Larsen & Toubro(up 1.44%), HDFC Bank(up 0.91%), Kotak Mahindra Bank(up 0.84%), Enterprises(up 0.82%), Axis Bank(up 0.81%), NTPC(up 0.68%) and State Bank of India(up 0.64%) stood among the top gainers in the Nifty pack.

On the other hand, Bharat Petroleum Corporation(down 2.84%), Shree Cement(down 2.31%), Hero MotoCorp(down 1.79%), Hindalco Industries(down 1.67%), Oil & Natural Gas Corporation(down 1.45%), UPL Ltd(down 1.41%), Reliance Industries(down 1.17%), Maruti Suzuki(down 1.16%), Bajaj Auto(down 1.11%) and Tata Motors(down 1.1%) closed in the red.
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