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Jul 20, 2012, 11.26 AM IST
The Sensex slipped further after a quiet start in the early trade. All the BSE sectoral indices were trading in the negative terrain. Heavy sell-off was seen in banks, realty, oil & gas and IT stocks. ITC, Reliance, HDFC Bank, ICICI Bank, Infosys were the negative contributors to the Sensex.
"I believe 5280-5305 range would be the key take out. Once we take that out then we would negate this downward trend, just a corrective mode," he said.
The Sensex was down 110.30 points or 0.64% at 17168.55, and the Nifty was down 35.35 points or 0.67% at 5207.35.
About 964 shares advanced, 989 shares declined, and 1,482 shares remained unchanged.
Top losers on the Sensex were Dr Reddys Labs at Rs 1,606.50 down 2.97%, Sterlite Ind at Rs 103.75 down 1.98%, Hero Motocorp at Rs 2,049.95 down 1.8%, Infosys at Rs 2,211.80 down 1.38% and Tata Power at Rs 99.35 down 1.34%.
Index heavyweight Reliance was trading at Rs 719.45, down 1.14% from its previous close of Rs 727.75.
Tech major Infosys was trading at Rs 2,211.80, down 1.38% from its previous close of Rs 2,242.85.
Refinery major HPCL was trading at Rs 344.80, down 1.19% from its previous close of Rs 348.95.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy