Sensex, Nifty, Midcap under pressure; HDFC twins, ITC drag

Epic Update HDFC Bank

Epic Update HDFC Bank

Benchmark indices as well as broader markets continued to reel under pressure on further profit booking and global weakness. Banks, FMCG, technology and infra stocks were under pressure while oil stocks remained on buyers’ radar.

The 30-share BSE Sensex was down 146.34 points at 26413.58 and the 50-share NSE Nifty fell 46.80 points to 8146.10.

The BSE Midcap and Smallcap indices were down 0.3-0.5 percent as about two shares declined for every share advancing on the exchange.

HDFC, ITC, HDFC Bank, Infosys and TCS were the top five contributors to Sensex’s fall, down 1-2 percent whereas Reliance Industries, ICICI Bank, ONGC, Tata Motors and Sun Pharma were gainers.

Coal India climbed over a percent after a media report indicated that the government officials proposed to break up the company into 7 companies within a year.
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