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Markets tend to be choppy. L&T, SBI down

The Nifty was struggling to get back above the 4600 mark amid choppy trade, weighed down by major heavyweights like Reliance, L&T, SBI, Bharti and ICICI Bank. The Sensex was down 72 points to 15,307.39 and the Nifty fell 25.25 points to 4,587.

Index heavyweights Reliance Industries, L&T, Bharti Airtel and SBI were down 1-2%. Shares of country’s largest commercial vehicle maker Tata Motors slipped 2% on profit booking after a rally of 4.4% seen yesterday.

Jaiprakash Associates topped the selling list, falling nearly 5%. Among others, ICICI Bank, TCS, NTPC, Sterlite and DLF fell 0.3-1%.

However, the upmove in ITC and ONGC has limited the downside; both stocks gained over 1.5%.

Shares of HUL, Sun Pharma, BHEL and Wipro were up over 0.6%. HDFC and HDFC Bank were marginally higher.



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