LD STOCKS 2 LAST

Bucking the trend, the IT counters saw buying interest
with TCS rising 1.12 per cent, Infosys 0.92 per cent
and Wipro 0.42 per cent.

"The rupee has been strengthening against the dollar last
two weeks. Since the past two days the rupee has weakened and
this has brought in a relief rally in the IT stocks today,"
SMC Global's Jain said.
The rupee is currently trading at 45.63 level against the
greenback.
Among the other big losers, Hindalco fell 2.65 per cent,
auto firm Hero Honda dropped 2.03 per cent and realty giant
DLF dropped 1.70 per cent, SBI shed 1.28 per cent, and Tata
Steel lost 1.29 per cent.
Markets worldwide witnessed lacklustre trade Tuesday.
While the Shanghai index gained 0.52 per cent, the Nikkei lost
0.17 per cent. Europe was also showing mixed in morning trade.
Taking cues from international markets, the domestic
market was under selling pressure and saw 19 bluechips
declining, against 11 advancing.
"The retail investors are in selling mood to take out
some liquidity to put in the NMDC FPO. The market remained
sideways as investors remained in sidelines," CNI Research
chairman Kishore P Ostwal said.
Besides, the banking counters too saw buying interest
with heavyweight HDFC Bank gaining 1.75 per cent and ICICI
Bank rising 0.22 per cent. PTI JD
RDM


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