After a bad day of slaughter on Greek worries, the market finally managed to pick up some strength towards end. The Sensex was down 166.69 points or 0.6 percent at 27645.15, and the Nifty slipped 54.40 points or 0.6 percent at 8326.70. About 896 shares advanced, 1791 shares declined, and 154 shares were unchanged. ADVERTISING HUL, L&T, Dr Reddy's Labs, ICICI Bank and HDFC were top gainers in the Sensex. Among the losers were Hindalco, Sun Pharma, Maruti, SBI and Tata Motors.
All sectoral indices are trading lower with BSE IT index emerging as the top loser down 2% followed by others.
Metal companies are under pressure, with the National Stock Exchange (NSE) CNX Metal index hitting fresh 52-week lows in intra-day trades. Hindalco Industries, Tata Steel, Jindal Steel & Power (JSPL), Vedanta, GMDC and National Aluminium are trading weaker by 3-4%.
Banking shares are also having a weak session, with SBI, YES Bank, HDFC Bank, Kotak Mahindra Bank and ICICI Bank down 1-2% each.
IT companies weakened after Tech Mahindra warned about its April-June quarter (Q1FY16) results. Tech Mahindra, TCS, Wipro, HCL Tech and Infosys are down 2-5% each.
State-owned oil marketing companies (OMCs) trimmed early gains. Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) are trading slightly positive while HPCL is marginally down.
All sectoral indices are trading lower with BSE IT index emerging as the top loser down 2% followed by others.
Metal companies are under pressure, with the National Stock Exchange (NSE) CNX Metal index hitting fresh 52-week lows in intra-day trades. Hindalco Industries, Tata Steel, Jindal Steel & Power (JSPL), Vedanta, GMDC and National Aluminium are trading weaker by 3-4%.
Banking shares are also having a weak session, with SBI, YES Bank, HDFC Bank, Kotak Mahindra Bank and ICICI Bank down 1-2% each.
IT companies weakened after Tech Mahindra warned about its April-June quarter (Q1FY16) results. Tech Mahindra, TCS, Wipro, HCL Tech and Infosys are down 2-5% each.
State-owned oil marketing companies (OMCs) trimmed early gains. Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) are trading slightly positive while HPCL is marginally down.
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