The BSE Sensex recouped its losses again, led by support from Infosys, HDFC Bank and ICICI Bank. L&T and SBI too recovered while Reliance Industries trimmed its losses to 2%.
The BSE benchmark fell just 11 points to 17,162.46 whereas the NSE benchmark gained 3 points at 5,225.55.
Among frontliners, Sterlite Industries, Sesa Goa, NTPC, Maruti Suzuki, Reliance Industries and BHEL were biggest losers, falling 2-4%.
However, Jaiprakash Associates shot up 6.75% after losing more than 7% in previous five sessions due to Bahujan Samaj Party lost election in Uttar Pradesh.
Reliance Power gained 6% on short covering. HCL Tech, Reliance Infrastructure, Bajaj Auto, Wipro, Tata Motors, DLF and HDFC Bank gained 1-2%.
State-run Bank of India fell 1% after Moody's downgraded the bank to D from D+, but kept outlook stable.
14:27 hours IST: Sensex drifts lower; Kingfisher tanks 5%
The BSE Sensex extended its losses amid choppy trade, weighed down by Reliance Industries, L&T and SBI. Other prominent losers were BHEL, ICICI Bank, ONGC and Bharti Airtel.
Liquor baron Vijay Mallya's Kingfisher Airlines crashed 5% after sources reclaimed that Income Tax department freezed 19 accounts of the company. IT department says TDS dues pending are over Rs 300 crore.
The BSE benchmark fell 134 points to 17,039.30 and the NSE benchmark was down 40 points to 5,182.90. Declining shares outnumbered advancing by 1079 to 362 on the BSE.
Sterlite Industries, Vedanta Group company, was the biggest loser among largecaps, falling 5%.
Index heavyweight Reliance Industries, state-run BHEL and country's top automaker Maruti Suzuki dropped 3-3.6%.
L&T, SBI, Bharti Airtel, ICICI Bank, ONGC, Tata Steel and NTPC were down 0.7-1.7%.
However, Infosys, HUL, Wipro, Bajaj Auto and Hero Motocorp gained 0.7-2%.
GAIL, Tata Steel, Reliance Infrastucture and L&T were most active shares on exchanges.
Read more on : http://www.moneycontrol.com/news/local-markets/sensex-trims-losses-jaiprakash-associates-r-power6_677637.html
The BSE benchmark fell just 11 points to 17,162.46 whereas the NSE benchmark gained 3 points at 5,225.55.
Among frontliners, Sterlite Industries, Sesa Goa, NTPC, Maruti Suzuki, Reliance Industries and BHEL were biggest losers, falling 2-4%.
However, Jaiprakash Associates shot up 6.75% after losing more than 7% in previous five sessions due to Bahujan Samaj Party lost election in Uttar Pradesh.
Reliance Power gained 6% on short covering. HCL Tech, Reliance Infrastructure, Bajaj Auto, Wipro, Tata Motors, DLF and HDFC Bank gained 1-2%.
State-run Bank of India fell 1% after Moody's downgraded the bank to D from D+, but kept outlook stable.
14:27 hours IST: Sensex drifts lower; Kingfisher tanks 5%
The BSE Sensex extended its losses amid choppy trade, weighed down by Reliance Industries, L&T and SBI. Other prominent losers were BHEL, ICICI Bank, ONGC and Bharti Airtel.
Liquor baron Vijay Mallya's Kingfisher Airlines crashed 5% after sources reclaimed that Income Tax department freezed 19 accounts of the company. IT department says TDS dues pending are over Rs 300 crore.
The BSE benchmark fell 134 points to 17,039.30 and the NSE benchmark was down 40 points to 5,182.90. Declining shares outnumbered advancing by 1079 to 362 on the BSE.
Sterlite Industries, Vedanta Group company, was the biggest loser among largecaps, falling 5%.
Index heavyweight Reliance Industries, state-run BHEL and country's top automaker Maruti Suzuki dropped 3-3.6%.
L&T, SBI, Bharti Airtel, ICICI Bank, ONGC, Tata Steel and NTPC were down 0.7-1.7%.
However, Infosys, HUL, Wipro, Bajaj Auto and Hero Motocorp gained 0.7-2%.
GAIL, Tata Steel, Reliance Infrastucture and L&T were most active shares on exchanges.
Read more on : http://www.moneycontrol.com/news/local-markets/sensex-trims-losses-jaiprakash-associates-r-power6_677637.html
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