02:00pm Equity benchmarks are marginally lower amid volatility with the Nifty consistently hovering around the 6500 level. Banks, capital goods, auto and metals stocks are under pressure while the buying in technology stocks capped the downside.
The Sensex declined 51.25 points to 21781.61 and the Nifty lost 25.65 points to 6498.40. About 1169 shares have advanced, 1454 shares declined, and 160 shares are unchanged.
State-run gas transmission company GAIL and power equipment maker BHEL dropped 3 percent each followed by HDFC, L&T and Hero Motocorp with 2 percent.
Shares of ITC, HDFC Bank, ICICI Bank, State Bank of India, Axis Bank, Tata Motors, Tata Steel and Sesa Sterlite dropped 0.7-1.7 percent. However, technology stocks continued to see buying interest on rupee depreciation.
TCS recouped yesterday's losses, gaining 3.56 percent while rival Infosys and Wipro rallied 1.5-2 percent. FMCG major Hindustan Unilever and drug maker Sun Pharma climbed 1-2 percent.
Read more at:
http://www.moneycontrol.com/news/local-markets/hdfc-lt-hero-motocorp-fall-2-sensex-under-pressure_1055653.html?utm_source=ref_article
The Sensex declined 51.25 points to 21781.61 and the Nifty lost 25.65 points to 6498.40. About 1169 shares have advanced, 1454 shares declined, and 160 shares are unchanged.
State-run gas transmission company GAIL and power equipment maker BHEL dropped 3 percent each followed by HDFC, L&T and Hero Motocorp with 2 percent.
Shares of ITC, HDFC Bank, ICICI Bank, State Bank of India, Axis Bank, Tata Motors, Tata Steel and Sesa Sterlite dropped 0.7-1.7 percent. However, technology stocks continued to see buying interest on rupee depreciation.
TCS recouped yesterday's losses, gaining 3.56 percent while rival Infosys and Wipro rallied 1.5-2 percent. FMCG major Hindustan Unilever and drug maker Sun Pharma climbed 1-2 percent.
Read more at:
http://www.moneycontrol.com/news/local-markets/hdfc-lt-hero-motocorp-fall-2-sensex-under-pressure_1055653.html?utm_source=ref_article