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The Indian Share market remained sluggish in noon trade with the Nifty continuing to struggle below the 8,000 mark, dragged lower by banking and real estate stocks. The Sensex dropped 98.23 points to 26488.32 and the Nifty fell 33 points to 7980.90. About 880 shares have advanced, 1342 shares declined, and 163 shares are unchanged on the BSE.
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The Indian Share market remained sluggish in noon trade with the Nifty continuing to struggle below the 8,000 mark, dragged lower by banking and real estate stocks. The Sensex dropped 98.23 points to 26488.32 and the Nifty fell 33 points to 7980.90. About 880 shares have advanced, 1342 shares declined, and 163 shares are unchanged on the BSE.
Axis Bank, Future Retail, Essar Oil, Bharti
Infratel, BHEL, ICICI Bank, Tata Motors and Asian Paints were most active
shares on exchanges. HDFC, Cipla, Dr Reddy's Labs, BHEL and ICICI Bank are
major losers in the Sensex. Among the gainers are Tata Power, Coal India, GAIL,
Wipro and M&M. Nestle India fell 2.5 percent as food safety regulator,
FSSAI ordered scanning and testing of 7 more nestle products.
HDFC and ICICI Bank dropped 1.8 percent and 1.2 percent, respectively. HDFC Bank, Reliance Industries, Axis Bank, Bharti Airtel, ONGC, ITC, BHEL and Cipla dropped 0.2-0.6 percent while Infosys, M&M, Wipro, Coal India and NTPC gained 0.2-0.8 percent. Crude oil futures rose Rs 38, or 1 percent, to Rs 3,856 per barrel today as speculators created positions amid a recovery in Asian trade amid Greece and supply worries.
HDFC and ICICI Bank dropped 1.8 percent and 1.2 percent, respectively. HDFC Bank, Reliance Industries, Axis Bank, Bharti Airtel, ONGC, ITC, BHEL and Cipla dropped 0.2-0.6 percent while Infosys, M&M, Wipro, Coal India and NTPC gained 0.2-0.8 percent. Crude oil futures rose Rs 38, or 1 percent, to Rs 3,856 per barrel today as speculators created positions amid a recovery in Asian trade amid Greece and supply worries.
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