BSE SENSEX and NIFTY traded slightly lower on FRIDAY shed previous gains as traded over the weak global cues. NIFTY struggled near the 5200 levels for the whole day and managed to hold the level closed just above at 5208. Negative opening of European markets further dragged the market down. Index heavyweight and refinery major Reliance Industries closed 0.70 percent down ahead of its quarterly numbers today posted a 3 percent sequential rise in net profit. However Capital goods, Reality tanked almost 1 percent along with Banking stocks as Banks fell after Reserve Bank of India recommended strict regulations on loan restructuring while India's largest two wheeler maker Bajaj-auto, along with Maruti and Asian Paints remained on buying radar of the investors.
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