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Market trading on a flat note; breadth strong

Key benchmark indices are trading near flat line in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 18.23 points or 0.03% at 53,072.99. The Nifty 50 index was down 3.90 points or 0.02% at 15,875.75. Asian stocks are trading mixed. The S&P BSE Mid-Cap index was up 0.48%. The S&P BSE Small-Cap index was up 0.53%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1728 shares rose and 795 shares fell. A total of 85 shares were unchanged. Stocks in news: Software services heavyweight Tata Consultancy Services (TCS) rose 0.25%. TCS will announce Q1 result today, 8 July 2021. REC gained 2.19%. REC has priced US$ 400,000,000, 2.75% Reg. S Notes due 2027 on 6th July, 2021 under its USD 7 Billion Global Medium Term Note Programme (the Notes ). The Notes will mature on 13th January, 2027 and all principal and interest payments will be made in U.S. Dollars. The settlement date for the Notes is expected to be 13th July, 2021.

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