Sensex below 27000, Nifty weak; Axis up 3%, metals & IT dip

Selling pressure continues on Dalal Street. The Sensex has fallen below 27000, at down 227.58 points or 0.8 percent at 26998.35. The Nifty is down 69.85 points or 0.8 percent at 8169.90. About 468 shares have advanced, 751 shares declined, and 101 shares are unchanged.

Axis Bank is still up 3 percent while ONGC, SBI and Reliance are major gainers in the Sensex. Among the losers are HDFC, Dr Reddy’s Labs, Bharti Airtel, HUL and BHEL.

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Posted in: Indian Market Tips