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Markets retreat.

The Sensex opened with 100 points gap down led by profit booking just after a jump of 510 points yesterday.The Sensex fell 163 points to 15,522.10 and the Nifty lost 44 poinst to 4,649.35.

Shares of Infosys, HCL Tech, Wipro, Axis Bank, Tata Steel, Hindalco, ICICI Bank, JSPL, Sterlite, SBI, Reliance Communications, Reliance Industries, L&T, JP Associates, Ranbaxy Labs, M&M and Bajaj Auto dragged down the market. Technology stocks dropped 1.5-2% after weak outlook from Oracle.

However, ACC, Ambuja Cements, Dr Reddy’s Labs, HUL, Cipla and ITC offset some of the losses.

The CNX Midcap fell 50 points to 6,070.

Among the second line shares, Kingfisher Airlines, VIP Industries, Ashok Leyland, Indiabulls Real, Exide Industries, HCC, Pantaloon Retail, GTL, Jet Airways, Onelife, 3i Infotech, Educomp, Delta Corp, Sintex and Orchid Chemical were down between 2% and 3%.


 

 

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