Nifty holds 7100 amid pressure; Bajaj Auto, Coal India losers

The market continued to bleed with the Sensex falling more than 300 points, weighed down by banks, FMCG and infra stocks. The broader markets also fell more than 1 percent. Europe too started off trade on a negative note.

The 30-share BSE Sensex plunged 321.59 points or 1.35 percent to 23467.20 and the 50-share NSE Nifty slipped 106.70 points or 1.47 percent to 7127.85. About three shares declined for every share advancing on the BSE.

HDFC Bank, ICICI Bank, TCS, SBI, Axis Bank, Lupin, HUL, M&M, Bajaj Auto, Coal India and Bharti Airtel topped selling list on Sensex, down 2-4 percent.

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Posted in: Indian Market Tips