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Tuesday, August 2, 2016

Sensex, Nifty off day’s high; HDFC extends losses, ICICI down 1%

Epic Update ICICI BankEpic Update ICICI Bank



Equity benchmarks erased some morning gains amid consolidation as investors waited the GST bill that is likely to be tabled in the Rajya Sabha on Wednesday.
The 30-share BSE Sensex was up 70 points at 28,073.47 and the 50-share NSE Nifty gained 14.60 points at 8,651.15 while the BSE Midcap outperformed benchmarks, up 0.4 percent.
HDFC extended losses in noon trade, falling more than 2 percent followed by ICICI Bank (down 1.2 percent), Infosys (down 0.65 percent) and Wipro (down 1.7 percent).
Lupin shares fell nearly 1 percent after the Competition Commission of India imposed penalty on Lupin and Karnataka Chemists & Druggist Association (KCDA) for anti-competitive practice in the state.
ITC and Maruti Suzuki shares rallied 2-3 percent followed by HDFC Bank, Reliance Industries, L&T, HUL and Hero Motocorp.




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