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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.
12:47
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.
11:35
The BSE Sensex and NSE Nifty continued to trade in narrow range around their previous closing values due to lack of trigger globally and locally.
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