The market succumbed to
profit booking pressures as the Nifty could not retain holding above the
8800-level. The 50-share index was down 11.50 points at 8797.40 while the
Sensex slipped 60.68 points at 29122.27. About 1618 shares have advanced, 1298
shares declined, and 256 shares are unchanged.
Axis Bank gained over 5
percent, while Hindalco was 4 percent. Among the gainers were Wipro, L&T
and GAIL. Bharti Airtel lost over 3 percent, Dr Reddy's Labs, HUL, ICICI and
ITC were other laggards.
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