Epic Update BHELEquity benchmarks have not still shown any sign of complete recovery in afternoon trade. The Sensex declined 127.01 points to 24773.62 and the Nifty fell 39.05 points to 7575.30.
Oil and pharma stocks continued to trade higher while technology, FMCG and select banks remained under pressure.
Shares of BHEL gained 5 percent after the state-run power equipment maker has posted a loss of Rs 877 crore in financial year 2015-16 against profit of Rs 1,419 crore in previous year, as per provisional data provided by the company to exchanges.
Revenue declined 13.7 percent to Rs 26,700 crore during the year compared to Rs 30,947 crore in earlier year. However, order inflows increased sharply by 41.9 percent to Rs 43,727 crore from Rs 30,814 crore in same period.
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