Sensex trims losses, Nifty reclaims 7400; SBI, ICICI, NTPC fall

Equity benchmarks extended losses again in late trade. The Sensex tanked 303.25 points or 1.24 percent to 24235.75 and the Nifty fell 84.90 points or 1.14 percent to 7370.65.

Reliance Industries, ICICI Bank, Tata Motors, HDFC, NTPC, Axis Bank, L&T, SBI and ONGC were down 1-3 percent while HUL and Sun Pharma gained 1-3 percent.

European equities extended losses today as investors remained cautious amid continued oil price volatility. The pan-European STOXX 600 was down around 0.8 percent.

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Posted in: Indian Market Tips