The Market stayed under pressure, dragged by private banking and financials, oil and metals stocks. However, power and select technology stocks gained. The broader markets were flat.
NIFTY come down at 7,989.20 with -26.50% and SENSEX declined by -82.70% traded at 26524.85. HDFC and ICICI Bank dropped 1.8 percent and 1.2 percent, HDFC Bank, Reliance Industries, Axis Bank, Bharti Airtel, ONGC, ITC, BHEL and Cipla dropped 0.2-0.6 percent while Infosys, M&M, Wipro, Coal India and NTPC gained 0.2-0.8 percent.
Shares of the Hindustan Petroleum Corp (HPCL), Bharat Petroleum Corp (BPCL) and IOC rise around 1 percent as petrol price was today hiked by 64 paise a litre. Diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates. This is the third increase in petrol price since May. Although in case of diesel this one is the 2nd consecutive increase.