Equity benchmarks were hovering around their previous closing values after sharp recovery from day's low. PSU oil & gas, power, capital goods, telecom and private financial companies' shares were leading the markets
The Nity was trying to move towards the 5500 level but the sell-off in heavyweights Reliance Industries, TCS, SBI, Wipro and ITC has limited the upside. Metal and cement stocks too were on sellers' radar.
The 30-share BSE Sensex was trading at 18,277, up 9 points and the 50-share NSE Nifty was unchanged at 5486. Market breadth too was mixed - about 623 shares advanced as against 641 shares declined on National Stock Exchange.
The Nity was trying to move towards the 5500 level but the sell-off in heavyweights Reliance Industries, TCS, SBI, Wipro and ITC has limited the upside. Metal and cement stocks too were on sellers' radar.
The 30-share BSE Sensex was trading at 18,277, up 9 points and the 50-share NSE Nifty was unchanged at 5486. Market breadth too was mixed - about 623 shares advanced as against 641 shares declined on National Stock Exchange.
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