Sensex Opens In The Red; PSU & IT Stocks Top Losers

Sectoral indices have opened the day on a mixed note with consumer durables sector and realty sector witnessing maximum buying interest. While PSU stocks and information technology stocks have opened the day in the red. The rupee is trading at 64.73 to the US$.

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One shall note that the company this week opened a new US$ 230 million plant in Detroit, which got its first automotive production facility in 25 years. The automotive plant plans to manufacture off-loaders, the first lot of which is expected by early next year.

Further, Mahindra, a well-known brand of tractors in the US, has emerged over the years as the third largest seller of tractors in America.

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