Sensex, Nifty erase early gains; Tejas Networks lists with 0.3% gains

Sensex, Nifty erase early gains; Tejas Networks lists with 0.3% gains

Tuesday, June 27, 2017


Epic Update ICICI Bank
Equity benchmarks erased early gains, with the Nifty breaking 9550 level on correction in banks, auto, infra and select technology stocks.

The 30-share BSE Sensex was down 41.90 points at 31,096.31 and the 50-share NSE Nifty slipped 29.70 points to 9,545.25.

The broader markets underperformed benchmarks, with the BSE Midcap and Smallcap indices falling 0.8 percent each on weak breadth.

More than two shares declined for every share rising on the BSE.

ICICI Bank, Infosys, SBI, Axis Bank, Tata Motors and ONGC were down 1-2 percent whereas ITC, HDFC Bank, HDFC, Adani Ports and M&M outperformed, up 0.6-1.2 percent.

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