Markets continued to trade with marginal losses in late morning deals weighed down by profit taking in financials post the sharp gains in the previous session.
the S&P BSE Sensex was down 50 points at 28,001 and the Nifty50 was down 14 points at 8,664. In the broader market, the BSE Midcap was trading flat while the Smallcap index was up 0.5%.
Foreign institutional investors were net buyers in equities worth Rs 345 crore on Tuesday, as per provisional stock exchange data.
Endurance Technologies extended gains and was up 26%. Earlier, the stock listed at Rs 572 on the National Stock Exchange (NSE), a 21% premium against its issue price of Rs 472 per share.
In the financial pack, ICICI Bank was down 1.5% after 11% in the previous two sessions after the Essar group on Saturday signed a binding agreement with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98% in its most priced asset, the 20 million tonnes per annum Vadinar refinery and Vadinar port in Gujarat.
HDFC and HDFC Bank were down 0.6% each.
FMCG majors were also among the top losers with ITC and HUL down 0.9%-1.7% each.
Among other shares, Diamond Power Infrastructure was locked in upper circuit for the third straight day at Rs 57.45, up 10% on BSE, on the back of heavy volumes.
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