The stock market entered into consolidation mode after a fall in previous three consecutive sessions. The BSE Sensex fell 40.23 points to 27521.15 and the NSE Nifty declined 10.30 points to 8350.70. About 962 shares have advanced against 813 shares declined on the Bombay Stock Exchange.
ONGC and Tata Motors topped the selling list, falling nearly 3 percent followed by Wipro, Cipla, Tata Steel, GAIL, Vedanta and Hindalco Industries with 1 percent loss. HDFC and PNB fell 0.5 percent and 2 percent, respectively, ahead of their June quarter earnings.
However, Maruti Suzuki gained 1 percent on hopes of spectacular earnings with the profit rising 69 percent year-on-year.
Free Stock Tips Intraday
Sell Oriental Bank of Commerce (OBC) with a stop loss at Rs 164 and target of Rs 156
Buy Kalyani Steels with a stop loss at Rs 134 and target of Rs 145
Buy IZMO with a stop loss at Rs 75 and target of Rs 83
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