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Sep 04, 2012, 03.36 PM IST
Indian equity benchmarks rebounded amid choppy trade, supported by Reliance Industries and State Bank of India. ICICI Bank, Larsen & Toubro, TCS and BHEL too recovered their entire losses.
Index heavyweight Reliance Industries extended gains to 1.7% and commercial vehicle maker Tata Motors rose 1.5%.
Country's largest lenders State Bank of India and ICICI Bank moved up 1.4% and 0.7%, respectively. Capital goods majors Larsen & Toubro and BHEL were up 0.7% each.
State-owned gas transportation services provider GAIL and oil retailer BPCL topped the buying list with more than 2% gains.
Top IT services exporter TCS went up 0.4% whereas its rival Infosys declined 0.4%.
Among metals stocks, Tata Steel and Jindal Steel jumped over 1.5%. Housing finance company HDFC dropped 1.6%.
Private power producer Tata Power and drug manufacturer Cipla fell over 1%.
Most active shares on exchanges were United Spirits, Torrent Power, SBI, Vikas WSP, Reliance Capital, Axis Bank, ICICI Bank and HDFC.
Indian equity benchmarks remained in a narrow range since early trade. The 30-share BSE Sensex declined 49.29 points to 17,335.11, weighed down by HDFC, ICICI Bank and Infosys. TCS, ONGC and Bharti Airtel too were down while Reliance Industries, ITC, HUL and SBI were quite supportive.
The 50-share NSE Nifty continued to hover around 5250 level amid low volumes. The weakness was seen in technology, private banks and power stocks. However, the buying in Reliance Industries, L&T, SBI and Tata Motors has limited the downside.
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
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