Sensex tests 17000 mid pressure; private banks down
Golden Investment Research Private Limited
Date: 30.01.2012
Goldennifty said: The share market tips extended losses, hitting the 17,000 mark on the Sensex. It was led by fall in index heavyweights ICICI Bank, Reliance and Bharti Airtel. BHEL, L&T and Infosys too were under pressure. The Sensex was down 199 points at 17,034.69 and the NSE Nifty lost 64.4 points to 5,140.30.
Shares of country's second largest lender ICICI Bank tanked 2.7%; HDFC Bank and HDFC were down over 1.5%; SBI fell 0.5%.
Index heavyweights - Reliance Industries and Bharti Airtel tumbled 1.9% & 3.4%, respectively; Infosys slipped nearly a percent. Capital goods majors L&T and BHEL plunged 2% & 8%, respectively.
Among auto stock tips, M&M and Tata Motors dropped 2.5% whereas Hero Motocorp and Bajaj Auto gained 0.5%.
In the metals space, Sterlite Industries was the second biggest loser among large caps, falling 4%. Hindalco, Tata Steel and Coal India were down 1-3%.
However, Sun Pharma topped the buying list, rising 2%. ONGC, Jindal Steel and GAIL were up over 0.5%.
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