On the first trading day of the week, market continued to follow the bearish behavior same as of the last week. Today Sensex dropped 238 points or 0.90 percent to 26396 while Nifty dropped 59 points or 0.73 percent and slipped to the level of 8110. All the sectors traded negative today, except the Healthcare Sector. However companies like BPCL, Zee Entertainment, Lupin, Bharti Infratel, Ambuja Cements traded high and maintained the position of top gainers in the list of NSE followed by the companies like Dr Reddys Lab, Lupin, Maruti Suzuki, Sun Pharma, Adani Ports in the list of BSE. Top losers include ICICI Bank, BHEL, Tata Motors, Idea Cellular, Tata Steel and Bharti Airtel. Rupee closed trading at 67.13 a Dollar. All the indexes in the Asian Market traded negative. Highest drop down was seen in the Japan's index Nikkei which surged by 582 points to 16019 while Shanghai Composite fell 94 points to 2832 points. Reasons behind the downhill market can be CPI inflation which was mentioned by RBI also and second reason can be worse IIP than expected.
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