Nifty below 5550; oil & gas, banks, metals slip
03 Jun 2011
Indian equity benchmarks were trading marginally lower amid volatility. Oil & gas, healthcare, metal, FMCG, financial and select auto companies' shares were witnessing selling pressure in the last couple of hours.
However, buying continued in L&T, Power Grid, Infosys, Wipro, Sesa Goa, M&M and Bajaj Auto. Anil Dhirubhai Ambani Group companies' shares too were on buyers' radar post 2G Trial court dismissed plea for charging Anil Ambani.
The 30-share BSE Sensex was trading at 18,388, down 106 points and the 50-share NSE Nifty fell 31 points to 5,519. Both indices shed more than 250 points and 80 points from day's high.
Largecaps
Tata Motors, HDFC, Hindalco, Jaiprakash Associates, Sterlite Industries, Sun Pharma, IDFC and Axis Bank were top losers on Nifty, with falling 1.5-2.5%.
However, Reliance Communications, L&T, Reliance Infra, DLF, M&M, Reliance Capital, Power Grid Corp and Sesa Goa gained 1-4%.
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