Equity benchmarks continued to see
selling pressure in noon trade with the Sensex falling 89.10 points to 25400.47
and the Nifty declining 28.45 points to 7786.45.
The market breadth was also weak as
about 1210 shares declined against 1035 advancing shares on Bombay Stock
Exchange.
WPI inflation in April came in
positive territory for the first time in last 18 months, rising to 0.34 percent
compared to negative 0.85 percent in preceding month.
ICICI Bank, SBI and Axis Bank extended losses,
falling 2-4 percent on fears that RBI may hold rates after rise in WPI
inflation.
Bharti Airtel, HUL, ONGC, Adani
Ports and Hero Motocorp were other losers with 1-2 percent losses while Dr
Reddy's Labs continued to outperform with 3 percent rally.
BUY AJANTA PHARMA 1580 CALL ABOVE 16 TG 20, 24, 30 SL 10,
BUY V2 RETAIL ABOVE 61.50 TG 62.20, 63, 64 SL 60.45,
