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Sensex Falls 500 Points From Record High; ICICI Bank, HDFC Top Drags

The Indian disinterestedness benchmarks alone from almanac highs as traders appointed accumulation at college levels advanced of the account accomplishment of basis futures and advantage contracts. The Sensex fell as abundant as 501 credibility from almanac aerial of 56,118.57 and Nifty 50 basis affected an intraday low of 16,561.65 afterwards hitting an best aerial of 16,701.85. ICICI Bank, HDFC, Kotak Mahindra Bank, Infosys, Reliance Industries, Bharti Airtel, HCL Technologies and Asian Paints were amid the better drags on the Sensex.

As of 1:43 pm, the Sensex was bottomward 131 credibility at 55,661 and Nifty 50 basis beneath 38 credibility to 16,577.

"Positive bazaar affect charcoal complete as the efforts from the government to accumulate the abridgement on clue accept started to appearance after-effects with accomplishment numbers assuming signs of recovery. Our analysis suggests that 16,500 will be an important abutment akin for Nifty in the abbreviate term. Indicators advance a airy movement in the baby ambit amid 16,500-16,700," Gaurav Garg, Head of Analysis at CapitalVia Global Analysis told NDTV.

Thirteen of 19 area gauges aggregate by the BSE were trading lower led by the Nifty Metal index's about 1 per cent decline. Realty, Banking, Telecom, Finance, Basic Materials and IT indices were additionally trading with a abrogating bias.

On the added hand, oil & gas, ability and FMCG shares were witnessing a balmy affairs interest.

Mid- and small-cap shares were trading on a alloyed agenda as S&P BSE MidCap basis rose 0.34 per cent and S&P BSE SmallCap basis beneath 0.22 per cent.

ICICI Bank was top also-ran in the Sensex, the banal fell about 2 per cent to Rs 687. Kotak Mahindra Bank, HDFC, IndusInd Bank, Bharti Airtel, Ability Grid, Maruti Suzuki, Infosys and HCL Tech additionally fell amid 0.5-1.5 per cent.

On the flipside, UltraTech Cement, Bajaj Finserv, Bajaj Finance, Bajaj Auto, HDFC Bank, TCS, NTPC and Dr Reddy's Labs were amid the gainers.

The all-embracing bazaar across was abrogating as 2,033 shares were crumbling while 1,076 were advancing on the BSE.

Sensex, Nifty Climb To Almanac Highs Led By HDFC Bank, Reliance Industries

Nifty Seen Opening Above 16,650; HDFC Bank In Focus

Sensex, Nifty Extend Record-Breaking Streak, Led By IT, FMCG Shares

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