Nifty breaks 8550, Sensex under pressure; HDFC twins drag

Epic Update HDFC Bank
Epic Update HDFC Bank
Benchmark indices slipped into red in noon trade with the Nifty breaking 8550 level, dragged by HDFC group stocks. The broader markets also erased gains.

The 30-share BSE Sensex was down 52.88 points at 27620.72 and the 50-share NSE Nifty fell 35.45 points to 8547.95 while the market breadth remained positive. 
About 1355 shares advanced against 1138 declining shares on the BSE.

HDFC Bank, HDFC, Asian Paints, Mahindra & Mahindra, Bharti Airtel, L&T and Adani Ports were down 1-2 percent whereas ICICI Bank remained top loser, up nearly 7 percent followed by Axis Bank, SBI, NTPC and HUL.
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