Nifty below 12,250-mark; HCL Tech, Reliance Industries under pressure

Business Crisis
Equity benchmark continued to lower trade in the last hour of the trading session, with the Nifty, was trading a tad below the 12,250 level.

The Sensex was down 137 points at 41,504 and the Nifty50 index was also down 35 points at 12,227. The market breadth continued to favour the bears with 948 shares losing against 804 shares advancing on the NSE. 

Yes Bank, Cipla, IndusInd Bank and ONGC among top gainers, while BPCL, HCL Tech, Reliance Industries and UPL.

Dixon Technologies, Adani Green Energy, APL Apollo Tube and Agro Phos, Avanti Feeds, GMM Pfaudler, Nesco and Renaissance Global among stocks that touched their 52-week highs on NSE.

Meanwhile, oil prices rose on Tuesday after Russia announced support for the market. Russian energy minister, Alexander Novak, said they would continue cooperating with the Organization of the Petroleum Export Countries (OPEC) on supporting the market through supply cuts.

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