SBI, Axis Bank, ONGC, BPCL and Bajaj Finance were among the top losers on the Nifty, while gainers included SBI Life Insurance, HDFC Life, Apollo Hospitals, Larsen Toubro and Hero MotoCorp.Taking Stock: Market in red as RBI loan move weighs heavy, PSU banks worst hit
SBI, Axis Bank, ONGC, BPCL and Bajaj Finance were among the top losers on the Nifty, while gainers included SBI Life Insurance, HDFC Life, Apollo Hospitals, Larsen Toubro and Hero MotoCorp.
Frontline financial names like SBI, Axis Bank, Bajaj Finance and HDFC Bank were trading lower but insurance, paints, auto and pharma names cushioned the fall
Major NIfty gainers included Hero MotoCorp, Tech Mahindra, TCS, HCL Technologies and Infosys, while losers were Axis Bank, Coal India, Power Grid Corporation, Tata Consumer Products and Adani Enterprises
FIIs bought Rs 550 crore on November 15 after sustained selling through the month but their influence seems to be declining and that of DIIs, high networth individuals and retail investors growing, say experts