The
Nifty continuing to struggle below the 8,000 mark, dragged lower by banking and
real estate stocks. The Sensex dropped 98.23 points to 26488.32 and the Nifty
fell 33 points to 7980.90.
About 880 shares have advanced, 1342 shares
declined, and 163 shares are unchanged on the BSE. Axis Bank, Future Retail,
Essar Oil, Bharti Infratel, BHEL, ICICI Bank, Tata Motors and Asian Paints were
most active shares on exchanges.
Asian
markets extended losses on Greece's debt talks and ahead of the two-day Federal
Reserve meeting. China's Shanghai tumbled 3 percent on margin lending curbs. In
commodities, Brent crude got back above USD 64 a barrel. May trade deficit came
in at a 3-month low of USD 10.41 billion.
Exports for May stood at USD 22.34
billion against USD 22.05 billion in April and imports came in at USD 32.75
billion. Nestle India fell 2.5 percent as food safety regulator, FSSAI ordered
scanning and testing of 7 more nestle products. Additionally,
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