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The Sensex fell 21.52 points to 28238.62 and the Nifty declined 7.25 points to 8579. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.8 percent, respectively.
About 1175 shares have advanced, 610 shares declined, and 125 shares are unchanged on the Bombay Stock Exchange.
HDFC topped the selling list, down 2 percent followed by HDFC Bank, Reliance Industries, ICICI Bank, SBI and Tata Steel with 0.5-1 percent. Technology stocks like TCS and Infosys declined 0.2 percent ahead of fourth quarter earnings next week.
Wipro shed 1.3 percent after its chief business officer Satishchandra Doreswamy quit. Tata Power and BHEL too were down more than a percent.
However, Sun Pharma rallied 3.2 percent as it settled litigation for generic Angiomax with The Medicines Company, US. Tata Motors also gained 1.8 percent as the stock went ex-rights today. Shares of Mahindra & Mahindra, ONGC, Dr Reddy’s Labs, Bharti Airtel, Cipla and Hindalco climbed 1-2 percent.
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Posted in: Indian Market Tips
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