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Aug 02, 2012, 12.51 PM IST
The BSE Sensex and NSE Nifty continued to trade lower with marginal losses due to fall in oil & gas, banks and metals stocks. European markets were flat in early trade as traders remained cautious ahead of European Central Bank's decision that will be at 17:15 hours IST.
Oil & gas producers Reliance Industries and ONGC fell more than 1%. Commercial vehicle majors Tata Motors and M&M slipped 1-2%.
Among lenders, State Bank of India and HDFC Bank dropped over 1% while ICICI Bank was down 0.4%.
Infosys, country's second largest software services exporter, lost 0.7% while its rival TCS gained 0.3%.
Among FMCG majors, ITC rose 0.4% whereas Hindustan Unilever declined 0.4%. Telecom operator Bharti Airtel went up nearly 1%.
State-owned power producer NTPC rallied 1.8% whereas private power producer Tata Power tumbled 1.6%.
In the second line shares, CRISIL, Bayer Cropscience, Britannia, Punj Lloyd and Novartis India rallied 2.5%-3.5% whereas Shree Global, NIIT Tech, Glodyne Tech, Religare Enterprises and BASF lost 3%-6%.
Most active shares on exchanges were NIIT Tech, NTPC, SBI, United Spirits, ITC, ICICI Bank, Reliance Industries and Larsen & Toubro.
Indian shares remained marginally lower due to selling in State Bank of India and Tata Motors. HDFC Bank, HDFC, ONGC and Infosys too were under pressure. However, the buying in Bharti, L&T, ICICI Bank and ITC has capped the downside.
The BSE Sensex and NSE Nifty opened volatile in early trade due to lack of cues from the Federal Reserve's two days meeting. Asian markets too were mixed in trade as there was no significant shift in the Federal Reserve policy stance on Wednesday, though doors for further easing remain open.
Jun 19 2013, 16:41
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Jun 19 2013, 12:44
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