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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%.
15:00
The 30-share BSE Sensex dropped 101% to 17,517.38, weighed down by 25 out of 30 stocks. Meanwhile, the 50-share NSE Nifty fell 29.50 points to 5,315.85. 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.
14:00
Indian equity benchmarks continued to trade lower, weighed down by oil & gas, FMCG, auto and private banks stocks. However, the consistent buying in Infosys, Larsen & Toubro, State Bank of India and TCS has limited the downside.
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