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Markets decline on Monday after initial gains

| | Aug 01, 2016, at 10:13 pm
Mumbai, Aug 1 (IBNS): The Indian stock market closed flat on Monday with Sensex down 48.74 points to 28003.12 and Nifty, though able to remain above the 8500 mark, was down 1.95 points to 8636.55.

The market failed to cling to its initial lead after some key stocks experienced sell-offs.

TCS, HCL Technologies, Tata Steel, Maruti Suzuki, Wipro, Hindalco, Grasim, Dr Reddy's and Bajaj Auto were some of the top gainers on Monday while ICICI Bank, Bank of Baroda, SBI, L&T, BHEL, Adani Ports, Lupin and GAIL ranked among the losers.

Disappointing June quarter earnings took the shine off ICICI Bank and L&T.

 

 

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