Sensex slides, down 0.5% at 15,304.01 vs earlier high of 15,463.09, as profit-taking kicks in after jump of nearly 14% in last 2 weeks; immediate support tipped at 15,225; heavyweight Reliance Industries (500325.BY)
remains weak on 1Q earnings, down 4.5% at INR1,923.20 – biggest percentage loser; profit-booking in autos, banks that rallied last week also weighs, 13 of 30 index issues down; “This weakness was expected after the recent rally but I don’t think we are going to see any sharp fall from these levels,” says Ranjit Kapadia, vice-president, institutional research, HDFC Securities. ONGC (500312.BY) down 3.4% at INR1,088, Tata Motors (500570.BY) down 3.2% at INR361.50, Maruti Suzuki (532500.BY) down 1.4% at INR1,358.