May 22, 2012, 10.45 AM IST
The BSE Sensex and NSE Nifty pared somewhat initial gains as the Indian rupee touched 55.04 to the dollar again. Asian markets too came off day's high; Shanghai, Hang Seng, Nikkei, Straits Times, Kospi and Taiwan gained 0.5-1%.
Country's largest lender State Bank of India fell 0.6% after rising more than 7% in previous two sessions due to strong numbers in Q4FY12 whereas rivals ICICI Bank and HDFC Bank gained 0.5-1%.
India's largest engineering and construction company by sales Larsen & Toubro was down 0.17% while state-owned BHEL rallied 1.5%.
Realty major DLF tanked 1.5% and drug maker Sun Pharma lost over 1%.
Top car maker Maruti Suzuki too was under pressure, falling 0.4% due to rising cost of royalty payments.
However, technology stocks like TCS, Wipro and Infosys gained 0.5-1% on depreciating rupee.
Oil & gas majors Reliance Industries and ONGC were up 0.22% and 0.85%, respectively.
Housing finance company HDFC rose 1% and top commercial vehicle maker Tata Motors surged 1.7%.
Advancing shares outnumbered declining by 788 to 316 on the National Stock Exchange.
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