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Nifty down by 1.4%.

The 30-share BSE Sensex fell 211 points to 16,629 and the 50-share NSE Nifty slipped 63 points to 4,993. Market breadth was negative for the third consecutive session with 3 shares declining for every one share advancing.

ICICI Bank crashed 4.5% with taking loss of over 8% in two days. Axis Bank and PNB were down 4%. PNB, HDFC, SBI and IDFC lost 2-3%.

In the technology space, TCS, Infosys, Wipro and HCL Tech were down 2-3%. Heavyweights Reliance Industries and L&T lost 0.7% each.

However, buying continued in ONGC, DLF, HUL, ITC, Reliance Communications, Hero MotoCorp and Ranbaxy Labs though they slipped from day’s high.


 

 

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