Mar 23, 2015, 02.18 PM IST | Source: Moneycontrol.com
The market marginally declined amid consolidation in afternoon trade, dragged by banks and index heavyweights like Reliance Industries & Infosys.
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Sensex, Nifty fall; banks under pressure, NTPC gains 3%
The market marginally declined amid consolidation in afternoon trade, dragged by banks and index heavyweights like Reliance Industries & Infosys.
14:20
Moneycontrol Bureau The market marginally declined amid consolidation in afternoon trade, dragged by banks and index heavyweights like Reliance Industries & Infosys.The Sensex slipped 60.42 points to 28200.66 and the Nifty fell 19.75 points to 8551.15. The broader markets extended fall; the BSE Midcap and Smallcap indices dropped 0.7 percent and 1 percent, respectively.
More than two shares declined for every share advancing on the Bombay Stock Exchange.
BHEL plunged over 3 percent. Shares of Infosys, Reliance Industries, State Bank of India, ICICI Bank and Wipro fell 1-1.7 percent. However, NTPC and Hindalco bucked the trend with 2.7 percent gains.
13:00
Reliance Industries and BHEL dropped 1-2 percent. Infosys, SBI, HDFC Bank, ICICI Bank, ITC, Maruti Suzuki, Coal India and Wipro also lost ground.
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12:00
Shares of Tata Motors, Mahindra & Mahindra, ONGC, HUL, NTPC, Dr Reddy's Labs, Cipla, Tata Steel and GAIL gained 1-2 percent whereas BHEL falls 2 percent. Index heavyweights like Infosys, Reliance Industries, HDFC and ITC declined marginally.
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11:00
Sesa Sterlite too declined 0.4 percent, reacting to similar reasons. The government rejected BALCO's bid for for Gare Palma IV/1 which was at Rs 1585 per tonne.
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10:00
The market remained volatile with the Nifty moving in a range of 8550-8600. Telecom, oil, FMCG, pharma and select private banks gained.
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09:15
Jindal Steel tanked 13 percent as sources told CNBC-TV18 that government rejected company's bids for coal blocks.
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