Epic Update HDFC Bank Equity benchmarks recouped losses in afternoon trade with the Nifty getting back above 8550 level, supported largely by index heavyweights HDFC, HDFC Bank and L&T. On the other side, Infosys, which fell more than 8 percent post earnings, weighed on the market.
The 30-share BSE Sensex was down 50.24 points at 27891.87 and the 50-share NSE Nifty fell 9.25 points to 8555.75. About 1499 shares declined against 1023 advancing shares on the Bombay Stock Exchange.
TCS and Wipro were down 2-3 percent while HDFC Bank, L&T, Tata Motors, HDFC, Axis Bank and M&M gained 1-2 percent.
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