Sensex struggles below 32000 amid consolidation; Axis, ABB up over 3%

Epic Research Update : ABB India
Benchmark indices continued to consolidate in afternoon session as investors look for more corporate earnings.

The 30-share BSE Sensex was down 20.10 points at 31,935.25 and the 50-share NSE Nifty fell 13.55 points to 9,886.05.

ABB India shares gained more than 3 percent after its profit grew by nearly 35 percent year-on-year to Rs 75 crore in April-June quarter, backed by strong operational growth. The stock already rallied 48 percent so far in the year 2017.
Axis Bank retained its top position in the buying list among Sensex stocks, up over 3 percent followed by ONGC, Cipla and BHEL whereas Tata Steel was top losers, down over 2 percent.

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