Indian benchmark indices close in the red for the third session
Banks, FMCG and telecom stocks weighed down the market but the fall was somewhat restricted by index heavyweights HDFC, Infosys and Reliance Industries, media reported.
The market is expected to remain lacklustre with the upcoming festive season but all eyes will remain on the December quarter earnings due in January as the true picture of the demonetisation effect will be evident then believe most experts.
Some of the key stocks that declined were Adani Ports, ICICI Bank, ITC, Hero MotoCorp, Tata Steel, Axis Bank, Wipro, Coal India, Lupin, Bajaj Auto, GAIL, NTPC and Dr Reddy’s while Tata Motors, Cipla, and TCS ended up.
Image: Wikimedia Commons
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