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Market At Close | Banking, IT stocks drag Sensex, Nifty
Here are some highlights:
–Sensex, Nifty50 at nearly one-month lows
–Infosys, HDFC Bank, HDFC contribute more than 200 points to fall in Nifty
–Weak qurterly performance by Infosys leads to fall in IT; Nifty IT down four percent
–HDFC Bank reports mixed Q4; stock down for 8th straight session
–Tata Power slips over five percent on lower-than-expected green business valuation
–NTPC top Nifty gainer, hits 10-year high on strong business outlook
–Improved earnings by ICICI Prudential, positive management commentary lifts insurance basket
–Auto stocks see last-hour recovery; most stocks in the green
–L&T Info, Mindtree fall following Bloomberg report of merger
–Birlasoft, Tata Power, Voltas, Bank of Baroda, L&T Tech, PVR top midcap losers
–Defence stocks rise; BEL, HAL rise over three percent
–Fertiliser shares gain on wealther office’s forecast of normal monsoon; Chambal Fertilisers up seven percent
–Market breadth favours bears; advance-decline ratio at 2:3
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