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Sep 26, 2012, 03.07 PM IST
The NSE Nifty has been moving in a narrow range of 5640-5670 since early trade ahead of expiry tomorrow, though it was down 17.5 points to 5,656.5. Today's fall attributed to global weakness as the uncertainty continued over Spain bailout.
FMCG majors ITC and Hindustan Unilever gained nearly 1 percent. Country's largest lender State Bank of India rose 1.4% while its rival HDFC Bank tanked 1.5%. Housing finance company HDFC slipped 1.3%.
Private sector lender Axis Bank gained 3 percent on short covering. Drug producer Cipla, and cement stocks ACC and Ambuja Cements rallied 3-4 percent.
Index heavyweight Reliance Industries was up 0.2 percent. Two-wheeler majors Hero Motocorp and Bajaj Auto were up 1.1 percent and 0.4 percent, respectively.
Telecom operator Bharti Airtel dropped over 4 percent and commercial vehicle maker Tata Motors tumbled 1.75 percent.
Shares of Infosys, Larsen & Toubro, ONGC, Tata Steel, Sun Pharma, Sterlite and BHEL were down 0.5-0.9 percent.
Indian shares continued to trade marginally lower, weighed down by private banking, technology, capital goods and telecom stocks. European markets were down in early trade on concerns over Spain bailout and even riots over austerity added fuel to the fire.
Indian equity benchmarks pared losses as index heavyweight Reliance Industries rebounded with 0.3 percent gains. Country's largest lender State Bank of India too recouped losses, rising 0.8 percent.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy