The Sensex ended down 84.13 points at 27811.84, and the Nifty slipped down 16.90 points at 8381.10. It is not a great start of the Juky series. About 1180 shares advanced, 1496 shares declined, and 160 shares were unchanged. TCS, Bajaj Auto, NTPC, Infosys and Cipla were top gainers while GAIL, Vedanta, Bharti, BHEL and Tata Steel were major laggards.
ICICI Bank lost 1.4% at Rs 310. Post market hours on Thursday, the banking heavyweight had announced a reduction of 5 basis points (bps) in its base rate to 9.70% per annum (pa) from 9.75% with effect from 26 June 2015. Kotak Mahindra Bank, Yes Bank, Axis Bank, HDFC Bank and SBI were down 0.7-1.6% each.
The oil space is also witnessing a fair bit of selling, with Gail, Cairn India, IOC and Oil India losing about 1% each.
Capital goods shares are also witnessing profit-taking, with L&T and BHEL easing by 1.5-2.5% each.
However, IT majors bucked the weak market trend amid weakness in the rupee. Business consulting firm Accenture raised its full-year revenue as well as earnings per share (EPS) forecast, further bolstering the IT space. Infosys, TCS and Wipro were up 1-2% each.
The market breadth is weak. Out of 2669 stocks traded on the BSE, there are 1150 advancing stocks as against 1400 declines.
Tata Motors, Dr Reddy's Labs, Bajaj Auto, Cipla, M&M and Lupin advanced 0.5-1.5 percent whereas HDFC, ITC, ICICI Bank, L&T, Bharti, GAIL, Vedanta and BHEL fell 1-2 percent.
ICICI Bank lost 1.4% at Rs 310. Post market hours on Thursday, the banking heavyweight had announced a reduction of 5 basis points (bps) in its base rate to 9.70% per annum (pa) from 9.75% with effect from 26 June 2015. Kotak Mahindra Bank, Yes Bank, Axis Bank, HDFC Bank and SBI were down 0.7-1.6% each.
The oil space is also witnessing a fair bit of selling, with Gail, Cairn India, IOC and Oil India losing about 1% each.
Capital goods shares are also witnessing profit-taking, with L&T and BHEL easing by 1.5-2.5% each.
However, IT majors bucked the weak market trend amid weakness in the rupee. Business consulting firm Accenture raised its full-year revenue as well as earnings per share (EPS) forecast, further bolstering the IT space. Infosys, TCS and Wipro were up 1-2% each.
The market breadth is weak. Out of 2669 stocks traded on the BSE, there are 1150 advancing stocks as against 1400 declines.
Tata Motors, Dr Reddy's Labs, Bajaj Auto, Cipla, M&M and Lupin advanced 0.5-1.5 percent whereas HDFC, ITC, ICICI Bank, L&T, Bharti, GAIL, Vedanta and BHEL fell 1-2 percent.
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