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Sensex, Nifty remain lower; Bank Nifty down 1.6%, IT up

HDFC, Lupin, Axis Bank, Bharti Airtel and Hindalco are among major laggards while IT stocks are up on rising rupee. Sun Pharma, Infosys, TCS, ONGC and NTPC are top gainers in the Sensex.

11:14

TheNewsInternational Team

The market continues to be under pressure mostly dragged by banks. The Sensex is down 189.30 points or 0.7 percent at 26093.79 and the Nifty slips 59.30 points or 0.7 percent at 7912. About 666 shares have advanced, 1427 shares declined, and 67 shares are unchanged.

HDFC, Lupin, Axis Bank, Bharti Airtel and Hindalco are among major laggards while IT stocks are up on rising rupee. Sun Pharma, Infosys, TCS, ONGC and NTPC are top gainers in the Sensex.

Oil prices fell 3 percent in Asian trade, with investors covering short positions and taking profits after Brent and US crude soared more than 8 percent in the previous session. Both Brent and US crude prices dropped nearly USD 2 a barrel shortly after trading in Brent started on Tuesday before recovering later in the session.

10:00

Sensex, Nifty under pressure; HDFC drags, Infosys & TCS up

HDFC topped the selling list on Sensex, down 2.4 percent followed by HDFC Bank, L&T, Reliance Industries, SBI, Axis Bank, Lupin, Tata Motors and Bharti with 1-1.9 percent loss.

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09:15

Nifty holds 7900, Sensex slips over 150 pts; Sun Pharma upRead More »

Banks are dragging with top losers like SBI and HDFC. Vedanta, Tata Steel, Bajaj Auto, Tata Motors and L&T are among laggards while ONGC, GAIL, Maruti, Bharti and Cipla are top gainers in the Sensex.

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