Nifty trades lower; RIL dips on lukewarm AGM meet

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At 12.14 hrs IST, the Sensex was trading weak post Reliance Industries AGM. The Nifty lost another 25 points post Mukesh Ambani's speech. No major surprises came from the Reliance Industries AGM. The BSE Midcap and the Smallcap Index were down 0.26% & 0.14% respectively.

Realty & Banks which led the rally in yesterday's trade witnessed selling pressure today. Buying pressure was seen in IT & metal stocks. 

The Sensex was down 102.15 points or 0.60% at 16930.36, and the Nifty down 44.55 points or 0.88% at 5013.50. About 1260 shares advanced, 1595 shares declined, and 574 shares were unchanged.

Mukesh Ambani addressing shareholders said the company has potential to become debt free. Reliance Industries stock was down 1%.

In the largecap space, Hero Honda topped the gainers list with 3.09% gain. IT majors TCS, Wipro and Infosys advanced around 2% each. In metal space, Hindalco Industries was up 1.19%. On the losing side, DLF was down close to 3%. Mahindra and Mahindra, Tata Motors, ONGC and ICICI Bank were down 1.6-1.8%.
 
Top gainers on the BSE Midcap: BF Utilities up 15%; Spice Communication up 7.4%; Bajaj Finserv up 6.34%; Amtek Auto up 3.54%; Blue Dart up 3.53%.

Top losers on the BSE Midcap: Asian Star, HT Media, KGN Industries, HDIL and Motherson Sumi were down 3-5%.

Top gainers on the BSE Smallcap: Lok Housing, Mahindra Forging, Ajmera Realty, Kernex Micro and Zydus Wellness up 2-12%.

Top losers on the BSE Smallcap:  Zylog Systems, SpiceJet, Action Const, Oriental Hotels and Finolex Cables down 3-4%.

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