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Nifty holds 8650 amid pressure, Sensex loses over 100 pts

Epic Update Biocon

Equity benchmarks wiped out its previous day’s gains, with the Sensex falling over 100 points on profit booking.

The 30-share BSE Sensex was down 133.65 points at 27996.19 and the Nifty fell 35 points to 8664.40.

Overall the market has been in a range of 8500-8800 as investors awaited corporate earnings, US elections and Federal Reserve meeting.

Reliance Industries, HDFC, ICICI Bank, Asian Paints, SBI and ONGC were down 1-2 percent whereas GAIL was the biggest gainer on Sensex, up 1.7 percent followed by TCS, ITC, HDFC Bank and Dr Reddy’s Labs with marginal gains.

Biocon gained 3.6 percent and Nucleus Software surged 16 percent after quarterly earnings.

ACC, Cairn, Wipro, Equitas Holdings, Indiabulls Housing, Mindtree, Oberoi Realty, GHCL, Atul, V-guard, Zee learn, Tata Sponge, SBBJ, SKF India, Rane Engine, Zuari Agro and Unichem Labs will be in focus ahead of quarterly earnings today.

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Nifty holds 8650 amid pressure, Sensex loses over 100 pts

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