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Bank and Infra stocks drag. Nifty down.

Markets have been dragged by the rate sensitive sectors, which has led to the benchmark indicies to see low levels. Real estate, banking and infrastructure stocks have seen cuts.

At 9:57 AM, the Nifty is at 5468, down by 48 pts or -0.88%

Major infrastructure names have fallen down. L&T is down by 1.2%. Punj lloyd is down by 2.8%. BHEL is down by 0.7%.
JPAssociates is down by 4%.

PNB, from the banking space, is down by 1.6%. SBI is down by 1.2% at 2317. ICCII Bank is down by 1.4%. HDFC Bank is down by 1.3%.

DLF has seen a cut of 1.9%. Unitech is down by 2%.

Telecom stocks, Bharti and RCOM have also seen cuts of over 2% each.

Chambal Fertilizers, from the fertilizers space, is beaming high with 4.3% gains. Sesagoa is up by 1.3%. Jindal steel, Hindalco and Sun TV are also trading in the green.



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