Equity benchmarks remained under pressure in noon trade with the Sensex declining 79.17 points to 26646.43 and the Nifty falling 17.90 points to 8160.60, led by profit booking.
The broader markets also continued to be weak as about two shares declined for every share rising on Bombay Stock Exchange.
Tata Motors held its top position in the buying list, up 8 percent after stellar performance in Q4. Credit Suisse remained bullish on the stock and assigned outperform rating with increased target price of Rs 530 (from Rs 470 earlier).
Maruti Suzuki, Tata Steel, NTPC and BHEL gained more than 1 percent while Infosys, TCS, Bharti Airtel and GAIL fell 1-2 percent.
Sun Pharma plunged nearly 6 percent on lower-than-expected earnings in Q4.
Tata Motors held its top position in the buying list, up 8 percent after stellar performance in Q4. Credit Suisse remained bullish on the stock and assigned outperform rating with increased target price of Rs 530 (from Rs 470 earlier).
Maruti Suzuki, Tata Steel, NTPC and BHEL gained more than 1 percent while Infosys, TCS, Bharti Airtel and GAIL fell 1-2 percent.
Sun Pharma plunged nearly 6 percent on lower-than-expected earnings in Q4.
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