BSE Sensex fell over a ton following profit booking in private banking and aoto stocks in the afternoon trade. The Sensex lost 142.39 points to trade at 19428.05 while Nifty slipped 34.25 points at 5874.70, breaking key psychological level 5900.
Banking stocks which have been dragging since morning extended losses as investors grew worried on the money laundering controversy.
Among the banking stocks, ICICI Bank fell 4.1 percent while both HDFC Bank and Axis Bank lost around 1.5 percent each. Both BSE Bankex and realty were down more than 2 percent each.
Commercial vehicle major Tata Motors dropped nearly 2.6 percent on profit booking. However, Citi has recommended a buy on the stock. Citi expects Jaguar sales at 63000 units in financial year 2013-14, with an upside potential if the new 'F' type model and its variants are successful.
In the realty space, DLF (down 3.2 percent), IndiaBulls Real Estate (down 3.6 percent), HDIL (down 2.4 percent) were the major losers.
Technology continues to find investor favours with IT majors Infosys, TCS and Wipro were marginally up around 1 percent each.
Major gainers on the Sensex were HUL, Cipla, Hindalco and HDFC.
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Banking stocks which have been dragging since morning extended losses as investors grew worried on the money laundering controversy.
Among the banking stocks, ICICI Bank fell 4.1 percent while both HDFC Bank and Axis Bank lost around 1.5 percent each. Both BSE Bankex and realty were down more than 2 percent each.
Commercial vehicle major Tata Motors dropped nearly 2.6 percent on profit booking. However, Citi has recommended a buy on the stock. Citi expects Jaguar sales at 63000 units in financial year 2013-14, with an upside potential if the new 'F' type model and its variants are successful.
In the realty space, DLF (down 3.2 percent), IndiaBulls Real Estate (down 3.6 percent), HDIL (down 2.4 percent) were the major losers.
Technology continues to find investor favours with IT majors Infosys, TCS and Wipro were marginally up around 1 percent each.
Major gainers on the Sensex were HUL, Cipla, Hindalco and HDFC.
For more Information Plz log on to www.rpshares.com
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