Sensex Ends 656 Pts Lower, Nifty Gives Up 17,950; Infy, Asian Paints Fall 3%

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Sensex Ends 656 Pts Lower, Nifty Gives Up 17,950; Infy, Asian Paints Fall 3%


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Market nearby Nifty under 18,000 for the first time in the last 8 sessions

Here are some highlights:

–Nifty Bank drops 169 points to 38,041; The average capitalization index is down 18 points to 31,363

–Bajaj Finance falls more than 6% from highs to close more than 2% below

–Bajaj Auto rises, HUL, Asian Paints falls ahead of earnings

–ONGC better winning Nifty as crude expands gains; store 4%

– Pugen Coal India, Hindalco, Tata Motors, UPL and SBI

–Shree Cement, Infosys, Asian Paints, HUL, Adani Ports, Nifty’s Best Losers

–Sliding of cement stock during the second day; Shree 3%, UltraTech 2%

–It shares fall after global peer weakness; Infosys down 3%

–L&T Tech Q3 profits have no street estimates; stock down 6%

– Mid-cap IT stocks under pressure; Birlasoft, the main losers of Mphasis

–ICICI Prudential falls 6% despite third quarter better than expected

–Tata Elche rises 10% after big gains

–Biocon increases 5% after brokerage update

–Energy stocks rise after strong gains from JSW Energy; Tata power 4%

–Wide market in favor of bears; forward-to-decline ratio at 3: 4

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