In Equity benchmarks remained under selling pressure in
afternoon intraday trade weighed down by oil & gas, banking &
financials, FMCG and metals stocks. The Sensex dropped 209.14 points to
25917.61 and the Nifty fell 62.10 points to 7728.35 while the BSE Midcap and Smallcap
indices declined 0.4-0.7 percent. About 1107 shares have advanced, 1462 shares
declined, and 107 shares are unchanged.
Major Largecaps like Reliance Industries, ICICI Bank, HDFC,
TCS and Tata Motors tumbled more than 1.5 percent followed by ITC, HDFC Bank
and ONGC with over 0.5 percent. Coal India kept its top position in the selling
list, down 3 percent. However, Axis Bank outperformed, up 1.5 percent. Dr
Reddy's Labs, BHEL, Maruti Suzuki and Tata Power gained 0.2-0.6 percent.
The Nikkei share average hit a six-month closing high on Monday, buoyed by hopes for improvement in domestic corporate earnings, while casino-related plays outperformed on a media report that new casinos could be opened in Japan before the 2020 Summer Olympics.
The Nikkei share average hit a six-month closing high on Monday, buoyed by hopes for improvement in domestic corporate earnings, while casino-related plays outperformed on a media report that new casinos could be opened in Japan before the 2020 Summer Olympics.
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