Sensex, Nifty still under pressure; Tata Steel, BHEL outperform

The 30-share BSE Sensex declined 124.18 points to 24330.86 and the 50-share NSE Nifty slipped 37.70 points to 7400.10. The market breadth remained in favour of declines; more than seven shares fell for every share advancing on the Bombay Stock Exchange.

The BSE Midcap was down 1.5 percent and Smallcap crashed 2.9 percent.

Tata Steel and BHEL outperformed, rising more than 2 percent followed by Axis Bank, GAIL, Infosys, TCS, ITC and HUL.

HDFC Bank, Reliance Industries, HDFC, ONGC, L&T, Bajaj Auto, Tata Motors and Bharti Airtel were negative contributors to Sensex’s fall, down 1-3 percent.

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Posted in: Indian Market Tips