Nifty struggles to keep around 5500. Later slumped drastically to below 5500. Technology, telecom, power and select banking stocks were on sellers’ radar. Infosys, NTPC, Bharti too dips.
However, Reliance Capital, Reliance Infrastructure, Ranbaxy Labs, HDFC, HDFC Bank, Tata Steel and Hindalco were witnessing buying interest.
Maruti Suzuki, Tata Motors, NTPC, Jaiprakash Associates, Infosys, Ambuja Cements, Reliance Communications, Bharti Airtel, ICICI Bank, SBI and Kotak Mahindra Bank were putting pressure on the market.