Sensex and Nifty Remain Under Pressure; PSU Bank Stocks Recover

CapitalHeightThe Nifty50 slipped further and was trading near day’s low in afternoon trades. The Bank Nifty has support placed around the 26,000 levels and is capped around 26,300 levels.

At 1:31 PM, the BSE Sensex was trading at 35,282, down 105 points, while the Nifty50 index was trading at 10,716, down 25 points.

Tata Steel saw profit booking after opening higher in today’s trade. The company’s net profit stood at Rs3,263cr against an estimate of Rs2,300cr.

Source: Indiainfoline

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