Sensex marginally down; Reliance, Tata Power, BHEL fall 2%
Indian equity benchmarks remained marginally lower, weighed down by capital goods, banking and oil & gas exploration stocks. However, the drug producer Sun Pharma topped the buying list with 3 percent gains.
Asian markets continued to trade lower with Shanghai, Hang Seng, Kospi, Taiwan Weighted and Straits Times falling between 0.6 percent and 0.9 percent. Back home, the 30-share BSE Sensex declined 38 points to 18,900.53 and the 50-share NSE Nifty lost 17 points to 5,730.15.
Index heavyweightfell 2 percent. Country's largest lenders State Bank of India and ICICI Bank slipped nearly 1 percent.
Engineering and construction major Larsen & Toubro was down 0.9 percent. State-run power equipment maker BHEL and private power producer Tata Power tanked 2 percent each.
Telecom operator Bharti Airtel and drug producer Cipla gained 1.35 percent each.
Cigarette major ITC, housing finance company HDFC, steel producer Tata Steel, two-wheeler maker Bajaj Auto and car maker Maruti Suzuki went up 0.5-0.9 percent.
+POWERED BY: Moneycontrol.com