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Aug 13, 2012, 01.45 PM IST
Indian equity benchmarks were completely lacklustre in trade on Monday due to listless trade in global peers. State Bank of India rebounded with 0.6% gains after a fall of nearly 8% due to rising non-performing assets during the April-June quarter.
The 30-share BSE benchmark went down 7 points to 17,551.01 and the 50-share BSE Sensex was down 1.5 points to 5,318.90 while European markets opened flat with a negative bias.
Country's largest private sector lender ICICI Bank fell more than 1.4%. Aluminium major Hindalco Industries declined 1.7%.
Commercial vehicle maker Tata Motors topped the selling list with loss of more than 2% on profit booking. Two-wheeler major Hero Motocorp went down 1.5% whereas Maruti Suzuki was the biggest gainer with more than 2% gains as the company will decide on Menasar plant reopening today.
FMCG majors ITC and HUL were down around 0.7-1%. Top software services exporter TCS dropped 0.7% while its rival Infosys gained 0.3%.
State-owned oil & gas producer ONGC trimmed gains to 0.5% from 3.8% due to profit booking. The company's first quarter net profit jumped 48% year-on-year to Rs 6078 crore. Its rival Reliance Industries too went up 0.5%.
Housing finance company HDFC and telecom operator Bharti Airtel climbed 1.6% each. Shares of BHEL, Sun Pharma, Wipro and Sterlite Industries gained 1% each.
Engineering and construction major Larsen & Toubro was up just 0.3%, even after its subsidiary L&T Construction has received orders worth Rs 2,008 crore.
Indian shares remained volatile as they were consolidating at previous closing levels after rising more than 5.5% in last two weeks on strong inflow of foreign money. Foreign institutional investors bought more than Rs 6,500 crore worth of Indian equities in previous two weeks.
The BSE Sensex and NSE Nifty started off Monday trade on a flat note due to lack of global and domestic cues. ONGC shot up 3% after the company's net profit jumped 48% in the first quarter of FY13.
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