Continuous sell-off in shares of major oil exploration, metal, realty, auto, power and select technology companies, is putting pressure on the benchmark indices. There is some volatility as well ahead of settlement of December series. Midcap and small cap indices extended losses further.ONGC, NTPC, DLF, Reliance Industries, Satyam, Reliance Communication, SAIL, Unitech, TCS, HDFC Bank, Tata Steel, Tata Motors and Maruti Suzuki are leading losers. However, buying is seen in Wipro, SBI, ICICI Bank, BPCL, BHEL, Infosys, Hero Honda and Ranbaxy Labs.
The Sensex fell 82 points to 9,604 and the Nifty lost 27 points to 2,941, at 12 h
ours IST. BSE Midcap and Small cap indices slipped over 1% each.
Market breadth is weak; about 877 shares have advanced while 1679 shares have declined. Nearly 646 shares are unchanged.
BHEL bagged two orders worth Rs 2,100 crore from NTPC; the stock went up nearly 1%.
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