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Jul 12, 2012, 08.23 AM IST
Indian equities were trading lower due to downward journey in Reliance Industries, ITC and Tata Motors. ICICI Bank and Bharti Airtel too were under pressure whereas L&T and Infosys outperformed, rising 1-1.5%.
Software services exporter Wipro and aluminium major Hindalco Industries topped the selling list, falling more than 2.5%.
Top commercial vehicle maker Tata Motors, cigarette major ITC and private oil & gas producer Reliance Industries were down 1.5-2%.
Country's largest private sector lenders ICICI Bank and HDFC Bank declined nearly 0.5% whereas rival State Bank of India was flat.
Drug producer Cipla and top car maker Maruti Suzuki were down 1% each.
In the second line shares, Kingfisher Airlines tanked 7% to Rs 10.20.
The BSE Sensex extended losses in afternoon trade following weak opening of European markets. Oil & gas, FMCG, auto and healthcare stocks weighed down the market since early trade whereas the upmove in Infosys, SBI and L&T has capped the downside.
The BSE Sensex and NSE Nifty remained under marginal selling pressure due to downward journey in Reliance Industries and ICICI Bank. ITC, Bharti Airtel, Tata Motors and ONGC too were adding pressure on the market. However, the buying interest in Infosys, SBI, L&T and TCS has limited the downside.
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals