Sensex slips 100 pts on profit booking; SBI, ICICI Bank gain

SBI

Equity benchmarks remained under pressure, with the Nifty struggling below 9350 on consistent profit booking.

The 30-share BSE Sensex was down 125.18 points at 30,001.03 and the 50-share NSE Nifty fell 34.90 points to 9,325.

However, the broader markets outperformed benchmarks, with the BSE Midcap and Smallcap indices trading flat but the market breadth was weak.

About three shares declined for every two shares advancing on the BSE.

Asian Paints was the biggest gainer, up 2 percent followed by SBI, ICICI Bank, Adani Ports, Maruti Suzuki and Coal India whereas ITC, HDFC, Infosys, L&T and Tata Motors were top five contributors to Sensex’ losses.

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