Market reels under selling pressure; Ranbaxy, HDFC down 6%
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Recovery in equities from lows of the day was short-lived as traders
intensified booking profits in benchmark stocks. Ranbaxy Laboratories and
HDFC were the worst hit.

At 2:20 pm, Bombay Stock Exchange's Sensex was at 14,459.60, down 439.50
points or 2.95 per cent. It touched a high of 14,601.39 and low of
14,438.59.

National Stock Exchange's Nifty was at 4352.15, down 96.15 points or 2.16
per cent. The index touched a high of 4,444.70 and low of 4,328.90.

BSE Midcap Index was down 1.27 per cent at 5,754.92 and BSE Smallcap Index
fell to 6923.36, down 0.73 per cent.
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Ranbaxy Laboratories (-6.41%), HDFC (-5.67%), Jaiprakash Associates
(-5.29%), Wipro (-5.16%) and ICICI Bank (-4.50%) were the major Sensex
losers.

Hinudstan Unilever (1.10%), Tata Power (0.20%) and ITC (0.18%) were the only
Sensex gainers.

Market breadth was negative on the Sensex with 1592 declines and 948
advances.
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