Epic Update IOC
The selling pressure continued in afternoon trade with the Nifty struggling below 8550 level, weighed by index heavyweights HDFC, HDFC Bank, Reliance Industries, L&T.
The 30-share BSE Sensex slipped 111.62 points to 27561.98 and the 50-share NSE Nifty dropped 54.20 points to 8529.20.
The market breadth also turned negative as about 1393 shares declined against 1297 advancing shares on the BSE.
IOC, ICICI Bank, Force Motors, ITC, SBI, Infosys, Axis Bank and Nilkamal were the most active shares on exchanges.
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