Sensex off day’s low, dips over 100 pts; ITC leads recovery

Epic Update ITCEpic Update ITC
The market has recovered from day’s low in afternoon trade amid positive global cues. ITC shares led the recovery, up 1.5 percent followed by HDFC Bank, HDFC and Reliance Industries.
The 30-share BSE Sensex was down 131.11 points at 28208.20 and the 50-share NSE Nifty fell 48.55 points to 8743.75. About 2126 shares declined against 621 advancing shares on the BSE.
Tata Motors crashed 9.5 percent as analysts worried over company’s hedging losses that may continue for next 3-4 quarters.
Sun Pharma slipped nearly 4 percent after lower-than-expected earnings in Q3.
European bourses were higher after Janet Yellen, the chair of the US Federal Reserve, hinted at a possible rate hike next month.

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Sensex, Nifty hold morning gains; Ambuja Cements, ACC rally Nifty hovers around 8800 as investors await RBI policy; ITC up
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