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Oct 26, 2012, 02.05 PM IST
Indian shares remained under pressure due to weak global cues. European markets opened lower on weak corporate earnings; France's CAC, Germany's DAX and Britain's FTSE were down 0.4-0.5 percent. Even the Dow Jones, Nasdaq and S&P 500 futures fell 0.5-0.7 percent.
Country's largest private sector lender ICICI Bank was flat to positive after higher-than-expected numbers in the second quarter of FY13. However, its rivals State Bank of India and HDFC Bank were down 0.6 percent.
Public sector lender Punjab National Bank plunged 5 percent after its net profit fell by 11.6 percent year-on-year to Rs 1,065 crore in the July-September quarter of current financial year 2012-13 due to higher non-performing assets.
Mahindra & Mahindra retained its top position in the buying list, rising over 2 percent after good numbers in Q2. FMCG major Hindustan Unilever rose 0.6 percent ahead of second quarter numbers today.
Commercial vehicle maker Tata Motors, state-owned power equipment manufacturer BHEL and two-wheeler major Hero Motocorp gained 0.6 percent.
Shares of Reliance Industries, ITC and HDFC tanked 1.5-1.8 percent. Pharma majors Cipla, Dr Reddy's Labs and Sun Pharma lost 1-2 percent.
Telecom operator Bharti Airtel fell 1.26 percent and state-run oil & gas producer ONGC slipped 0.85 percent.
Indian equity benchmarks extended gains with the BSE Sensex falling over 100 points, weighted down by ITC and Reliance Industries. Utility vehicle maker Mahindra & Mahindra extended gains to 1.55 percent following bettter-than-expected numbers in second quarter of FY13.
Indian shares opened marginally lower on first day of November series with the Nifty falling below the 5700 level, reacting to weak Asian cues. Shanghai tumbled 1.7 percent while Nikkei and Hang Seng declined nearly 1 percent. Kospi and Taiwan Weighted were down 1.4 percent each.
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