Sensex, Nifty, Midcap see profit booking; IT stocks outperform

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Benchmark indices remained under pressure in noon on bouts of profit-booking in banks, oil & gas, banking & financials, metals and auto stocks. However, technology stocks capped losses.

The 30-share BSE Sensex was down 85.38 points at 33,645.81 and the 50-share NSE Nifty fell 26.60 points to 10,425.20 as investors continued to focus on corporate earnings.

The broader markets were alos under pressure, dragged by PSU banks. About two shares declined for every share rising on the BSE.

Major losers were Reliance Industries (down 2 percent), IOC (2.5 percent), ICICI Bank (1.1 percent), Yes Bank (2.2 percent), Axis Bank (1.1 percent), SBI (1.14 percent) and HDFC (0.74 percent).

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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300