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Jul 26, 2012, 02.10 PM IST
The BSE Sensex and NSE Nifty continued to trade lower with marginal loss amid volatility, weighed down by State Bank of India and Larsen & Toubro. Reliance Industries, Infosys and Tata Motors too added pressure on the market.
Country's largest lender State Bank of India dropped 1.3% whereas its rival ICICI Bank rose 0.3%.
Top commercial vehical maker Tata Motors tumbled 1.5% while India's largest car manufacturer Maruti gained more than 1%.
Index heavyweight Reliance Industries lost 0.67% and state-owned oil & gas producer ONGC slipped 1.3%.
Engineering and construction major Larsen & Toubro declined over 1% while power equipment producer BHEL went up 0.7%.
Software services exporters Infosys and Wipro were down 0.7% and 1.5%, respectively.
However, telecom operator Bharti Airtel and drug producer Dr Reddy's Labs climbed 1% each. Sun Pharma was the top gainer with 2.6% gains.
Cement maker Ambuja Cements gained another 2% ahead of quarterly results today.
The broader markets extended losses a bit - The BSE Midcap Index tanked 1.3% and Smallcap Index fell 1.2%.
About two shares declined for every share advancing on the National Stock Exchange.
In the second line shares, Bayer Cropscience, MTNL, Jet Airways, Sterlite Tech and Allcargo rallied 4-12%. However, Tulip Telecom, Era Infra Engg, Glodyne Tech, Parsvnath and Pipavav Defence tanked 17%-27%.
The BSE Sensex and NSE Nifty continued to move in a tight range around previous day's closing values ahead of settlement for July contract. Shares of Sterlite Industries and BHEL plummeted 0.9% each ahead of quarterly earnings today. However, cigarette major ITC gained 0.6% ahead of earnings.
Indian shares remained listless in trade but the broader market saw bearish trend. The BSE Midcap Index fell more than 1% while Smallcap was down 0.8% as more than two shares declined for every shares advancing on the National Stock Exchange.
May 22 2013, 11:25
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May 22 2013, 10:44
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