Sensex slips over 150 pts, Nifty weak; Hindalco, NTPC plunge

Equity benchmarks remained under pressure due to consistent fall in oil & gas, auto, FMCG, metals and healthcare stocks. The broader markets outperformed as the BSE Midcap and Smallcap indices declined only 0.2 percent compared to half a percent fall in benchmarks.

The 30-share BSE Sensex slipped 178.53 points to 25659.61 and the 50-share NSE Nifty fell 51.20 points to 7848.10. The market breadth was negative as about 873 shares advanced against 1376 declining shares on Bombay Stock Exchange.

Hindalco and NTPC topped selling list on Sensex, down more than 3 percent.

Asia markets lost ground across the board, with many traders likely taking to the sidelines ahead of several central bank decisions this week. The Japanese benchmark Nikkei 225 was down 0.8 percent after flirting with positive territory briefly. Last week, the index added 4.3 percent. Across the Korean Strait, the Kospi was down 0.12 percent. In Hong Kong, the Hang Seng index was off 0.57 percent.

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Posted in: Indian Market Tips