The market remained marginally under pressure due to selling
in FMCG, metals and power stocks. Private sector lender ICICI Bank topped the
selling list on Sensex, down 2.4 percent.
The 30-share BSE Sensex fell 44.14 points to 26793.06 and
the 50-share NSE Nifty declined 13.60 points to 8121.50. The BSE Midcap and
Smallcap indices slipped around 0.4 percent each.
About 742 shares have advanced, 942 shares declined, and 111
shares are unchanged on the Bombay Stock Exchange.
Commercial vehicle maker Tata Motors extended its losses,
down nearly 2 percent followed by further weakness in ITC, Sun Pharma, ONGC,
HUL, Hero Motocorp, Hindalco, Vedanta, Tata Steel and NTPC with loss of 0.8-2
percent.
However, Infosys gained 1 percent. Angel Broking said
reports suggested that Infosys is said to be confident of beating Nasscom's
guidance for FY2016 (which is expected to be USD Y-o-Y growth of 12-14 percent)
on back of improved percentage of deals won in the last 10-12 weeks. The
brokerage has maintained its buy rating with a price target of Rs 2,630.
Axis Bank rose 1 percent too after RBI said FIIs can invest
in bank as shareholding is below threshold limit. Wipro was up 1 percent.
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