The intraday market is going weak on expiry day with the
Nifty slipping below 7,550 mark. Oil & gas heavyweights while IT stocks aid
markets. The Sensex is down 150.34 points at 25163.40 and the Nifty is down
41.70 points at 7527.55. About 1392 shares have advanced, 1404 shares declined,
and 97 shares are unchanged. L&T, Dr Reddy's Labs, BHEL, Wipro and M&M
are top gainers in the Sensex.
Indian stock market has been volatile for a few days due to various local and
global issues.The 50-share NSE Nifty continued to see selling pressure on
expiry day for June derivative contracts, falling 40.80 points to 7528.45. The
30-share BSE Sensex slipped 155.65 points to 25158.09 weighed down by oil &
gas, metals and HDFC group stocks.
Shares of HDFC, NTPC, Hindustan Unilever,
Sesa Sterlite and GAIL declined 1-2 percent followed by HDFC Bank, Tata Motors,
Infosys and ICICI Bank with marginal loss. However, L&T, Dr Redddy's Labs,
BHEL and Wipro remained on buyers' radar, up 1-1.6 percent. TCS, Axis Bank,
ITC, Sun Pharma, Bharti, M&M and Bajaj Auto gained 0.2-0.7 percent.
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