Nifty tests 8550, Sensex bleeds ahead of TCS Q2; Bankex sheds 3%

The market continues to extend losses as global markets dragged. Investors are cautious ahead of TCS and Infosys Q2 results. The Sensex is down 485.89 points or 1.7 percent at 27596.45 and the Nifty is down 158.05 points or 1.8 percent at 8550.75. About 702 shares have advanced, 2045 shares declined, and 91 shares are unchanged.

Adani Ports is down 5 percent while Tata Motors, ICICI Bank, SBI and HDFC are major laggards. Among gainers are Infosys, ONGC, Cipla and Hero MotoCorp.

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Posted in: Indian Market Tips