Jul 12, 2012, 08.23 AM IST
The BSE Sensex extended losses in afternoon trade following weak opening of European markets. Oil & gas, FMCG, auto and healthcare stocks weighed down the market since early trade whereas the upmove in Infosys, SBI and L&T has capped the downside.
Reliance Industries, India's most valued stock tanked 1.5% and state-owned oil & gas producer ONGC declined 0.75%.
Top commercial vehicle maker Tata Motors fell nearly 2% while Bajaj Auto and Maruti were down 0.7-1%.
Country's largest private sector lender ICICI Bank dropped 1% whereas its rival State Bank of India gained 0.6%.
FMCG majors ITC and HUL, and top telecom operator Bharti Airtel slipped 1% each. Aluminium major Hindalco Industries plunged more than 2%.
Software services exporter Wipro tanked over 2% while its rival Infosys, ahead of first quarter earnings tomorrow morning, gained 1%.
State-owned power equipment maker BHEL and private power producer Tata Power plummeted 1.5%.
Most active shares on exchanges were Infotech Enterprises (moved up 5%), MCX India (gained 2.5%), SBI, Financial Technologies (rose 6%), AP Paper Mills (shot up 13%), Infosys and ICICI Bank.
Indian equity benchmarks continued to trade marginally lower since early trade due to profit booking in FMCG, oil & gas and auto stocks. Country's largest private sector lender ICICI Bank fell 0.85% whereas its rival State Bank of India extended yesterday's upmove, rising 1%.
The BSE Sensex and NSE Nifty started off Wednesday trade with a negative bias due to profit booking and fall in Asian markets. FMCG, oil & gas and auto stocks were under pressure while SBI and L&T were quite supportive.
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