Volatile Sensex, Nifty under pressure; RIL, Infosys drag

The market continued to be rangebound in afternoon trade with the Nifty hovering around 8000 amid selling pressure. The broader markets also declined marginally. The Sensex declined 130.66 points to 26261.72 and the Nifty fell 36.05 points to 7965.90. About 1025 shares have advanced, 1491 shares declined, and 116 shares are unchanged on the BSE.

Infosys, Reliance Industries, ICICI Bank, Bharti Airtel, SBI, Maruti, Bajaj Auto, BHEL, Tata Steel and Hindalco declined 1-3 percent. However, Lupin, Sun Pharma, Dr Reddy’s Labs, Cipla, Coal India, GAIL and Wipro gained 1-3 percent.

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Posted in: Indian Market Tips