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Jul 26, 2012, 03.07 PM IST
Indian shares extended losses in afternoon trade amid volatility due to further fall in Infosys, Reliance and SBI. L&T, ITC, ONGC and private banks' stocks too fell further. The broader markets too widened losses to 1.5% as about three shares declined for every share rising on the National Stock Exchange.
14:54
The 30-share BSE benchmark fell 108 points to 16,738.04 and the 50-share NSE benchmark was down 35 points to 5,074.30. Index heavyweight ITC, Reliance Industries and Infosys dropped 1% each. Country's largest lender State Bank of India tanked 1.9% while its rivals ICICI Bank and HDFC Bank slipped 0.6% each. Engineering and construction major Larsen & Toubro and state-owned oil & gas producer were down 1.5%. Commercial vehicle maker Tata Motors, software services exporter Wipro and private power producer Tata Power tumbled 2% each. State-owned power equipment manufacturer BHEL declined 0.7% on profit booking. The stock had gained 1% after better than expected results. However, drug producer Sun Pharma retained its top position in the buying list, rising 2.6% while rival Dr Reddy's Labs gained 1.4%. Shares of Bharti Airtel, NTPC, Jindal Steel, Cipla and Hero Motocorp gained 0.4-0.8%. On the global front, France's CAC and Britain's FTSE were flat, but Germany's DAX tanked 1%.
13:59
The BSE Sensex and NSE Nifty continued to trade lower with marginal loss amid volatility, weighed down by State Bank of India and Larsen & Toubro. Reliance Industries, Infosys and Tata Motors too added pressure on the market.
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