Tuesday, 3 February 2015

Key indices languish in red

Weakness continued on the bourses in early afternoon trade. The barometer index, the S&P Sensex, was trading below the psychological 29,000 level after falling below that level in early afternoon trade. The market breadth indicating the overall health of the market was negative. The barometer index, the S&P BSE, was currently off 197.92 points or 0.68% at 28,924.35.
Index heavyweight and cigarette major ITC edged higher. Sesa Sterlite extended intraday gain. Housing finance major HDFC extended intraday fall. Private sector banking major Axis Bank reversed direction after scaling a record high in intraday trade. FMCG stocks were mixed. Shares of Bajaj Corp scaled record high. Among tyre shares, shares of Apollo Tyres scaled record high. Asahi India Glass and Tata Elxsi also scaled record high.

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