Equity benchmarks continued to consolidate after yesterday's sharp run as investors awaited more quarterly earnings. The broader markets marginally outperformed benchmarks. Endurance Technologies surged 22 percent on debut. The stock opened at Rs 572 per share against issue price of Rs 472 per share.
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Equity benchmarks continued to consolidate after yesterday's sharp run as investors awaited more quarterly earnings. The broader markets marginally outperformed benchmarks. The 30-share BSE Sensex was down 26.22 points at 28024.66 and the 50-share NSE Nifty fell 4.75 points to 8673.15. About 1307 shares advanced against 640 declining shares on the BSE. Endurance Technologies surged 22 percent on debut.
The stock opened at Rs 572 per share against issue price of Rs 472 per share. BHEL and GAIL topped the buying list, up 3-4 percent followed by Reliance Industries, Sun Pharma, Lupin, Axis Bank, ONGC and L&T. ITC, ICICI Bank, HDFC Bank, TCS, Tata Motors, HDFC and HUL saw profit booking.
BHEL, Asian Paints, HDFC Bank, Sun Pharma and Axis Bank are top gainers while Tata Motors, Coal India and L&T are losers in the Sensex. The Indian rupee opened marginally higher at 66.68 per dollar on Wednesday against previous close 66.72.
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