Thursday 4 June 2015

Sensex, Nifty, Midcap Weak; Axis Bank, Infosys, Wipro Gain

Posted by suhani varma on Thursday, June 04, 2015 with No comments

The market remained marginally under pressure due to selling in FMCG, metals and power stocks. Private sector lender ICICI Bank topped the selling list on Sensex, down 2.4 percent. The 30-share BSE Sensex fell 44.14 points to 26793.06 and the 50-share NSE Nifty declined 13.60 points to 8121.50. The BSE Midcap and Smallcap indices slipped around 0.4 percent each. 

About 742 shares have advanced, 942 shares declined, and 111 shares are unchanged on the Bombay Stock Exchange. Commercial vehicle maker Tata Motors extended its losses, down nearly 2 percent followed by further weakness in ITC, Sun Pharma, ONGC, HUL, Hero Motocorp, Hindalco, Vedanta, Tata Steel and NTPC with loss of 0.8-2 percent. However, Infosys gained 1 percent. Axis Bank rose 1 percent too after RBI said FIIs can invest in bank as shareholding is below threshold limit. Wipro was up 1 percent.

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