1 August 2014

Indian Intraday Market Tips Live Updates; Sensex, Nifty under pressure

In Intraday Equity benchmarks remained under pressure with the 50-share NSE Nifty trading below the 7700 level weighed down by banking and financials, oil & gas, healthcare and capital goods stocks. The Sensex declined 147.91 points to 25747.06 and the Nifty slipped 45.25 points to 7676.05. About 735 shares have advanced, 1071 shares declined, and 65 shares are unchanged.
Top power producer NTPC extended losses, down 2 percent in addition to 3 percent fall in previous session post disappointing Q1 earnings. Index heavyweights: Housing finance company HDFC, private sector lender HDFC Bank and petrochemical major Reliance Industries dropped 1-2 percent. 
Shares of Sun Pharma, Larsen & Toubro, Sesa Sterlite, Dr Reddy's Labs, Tata Power and Gail went down 1-1.5 percent. Utility vehicle maker Mahindra and Mahindra plunged 2.5 percent ahead of July auto sales data.
 
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