Sensex, Nifty under pressure amid consolidation; Kotak Bank, ITC drag

Equity benchmarks fell further amid consolidation in afternoon, with the Nifty struggling below 9900 level, dragged by ITC, Kotak Mahindra Bank and Infosys.

The 30-share BSE Sensex was down 66.44 points at 31,888.91 and the 50-share NSE Nifty declined 29.85 points to 9,869.75.

Kotak Mahindra Bank dropped 1.5 percent after lower-than-expected profitability in June quarter. Infosys and ITC were down 0.6-1 percent.

Axis Bank extended gains to 4 percent on value buying and HDFC Bank was up 0.8 percent, which both helped Nifty Bank trade higher.

For more information & more  gold and silver tips

Call us ✆ – 0731-6642300 or

Visit http://ift.tt/1k8NnLH

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Follow @Epic_Research

Posted in: Indian Market Tips