The S&P BSE Sensex pared some of its gains after rallying as much as 85 points in trade on Monday, led by gains in ITC, HDFC, HDFC Bank, RIL and Bharti Airtel.
India cbank says repo bids rise to 26.80 bln rupees.Indian banks' refinancing with RBI rises to 28.32 bln rupees.India cbank says banks' cash balances fall to 3.59 trln rupees.The market has opened marginally higher in early trade Monday led by private banks, auto and pharma stocks. However, it
immediately erased gains to trade with losses.
The Sensex declined 83.37 points to 28379.94 and the Nifty fell 34.40 points to 8575.45. About 495 shares have advanced, 159 shares declined, and 75 shares are unchanged on the BSE. Cipla, Hero Motocorp, Bajaj Auto, HDFC Bank, BPCL, NMDC and Idea Cellular gained 0.5-1 percent while ACC, UltraTechCement, Tata Power, Ambuja Cements and HDFC lost 1-3 percent.
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