Tuesday, November 15, 2011

BANKS, INFRA AND METALS DRAG NIFTY BY 90 POINTS.

Banks continue to reel under pressure post re rating of out look by Moody's. The negative demand out look for the sector has hit hard the realty and infra companies. DLF, L&T and JP Associates were down from 4 to 7%. Axis, ICICI, SBI, Kotak and HDFC Bank - all closed in the negative. ADAG stocks continued their down ward trend, today too. CIPLA, Tata Motors and Grasim were the only stocks that closed in the positive among NIFTY stocks.

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