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Indian stock market daily closing report (October 16, 2012)
October 16, 2012, Tuesday, 15:19 GMT | 10:19 EST | 18:49 IST | 21:19 SGT
Indian markets pared its gains in noon trade to end in red today as across the board selling pressure is observed, especially in heavy weights. Tata Motors ended down 2.62% today on account of its weak global sales data. Tata Motors global sales decreased by 4% year-on-year to 1.03 lakh units. Reliance too ended down more than 1% on the back of its quarterly result announce yesterday.
Axis Bank ended up 2.49% at Rs 1,146 on reporting a better-than-expected Q2 FY13 result. The bank has reported 22% YoY increase in its NPAT at Rs 1,124 crore.
The breadth of the market was negative in todays trade
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