03:21
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Equity benchmarks erased more than half of gains in afternoon trade on weak Europe cues and profit booking in banks stocks.
The 30-share BSE Sensex was up 147.41 points at 28560.30 and the 50-share NSE Nifty gained 25.40 points at 8767.95 whereas the broader markets turned lower with marginal loss.
The market breadth also turned negative as about 1366 shares declined against 1293 advancing shares on the BSE.
Nifty Bank was flat after losing nearly 400 points from day’s high. ICICI Bank, HDFC, Bank of Baroda and SBI were down 0.3-0.6 percent. Yes Bank lost 3 percent followed by IndusInd Bank with over a percent loss.
Tata Motors, Tata Steel and BHEL fell 1-2 percent whereas index heavyweights ITC (up 2.1 percent), Reliance Industries (up 1.75 percent), Infosys (up 0.97 percent) and HDFC Bank (up 0.69 percent) continued to support the market.
Posted in: Indian Market Tips
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