Sensex extends losses, Nifty slips below 9550; ITC, Bharti outperform

Benchmark indices extended losses in morning trade, with the Nifty breaking 9550 level on further correction in banks.

The 30-share BSE Sensex was down 94.36 points at 31,043.85 and the 50-share NSE Nifty fell 43.45 points to 9,531.50. About 1,600 shares declined against 636 advancing shares on the BSE.

ICICI Bank, Infosys, SBI, Axis Bank, Tata Motors and ONGC were down 1-2 percent whereas ITC, HDFC Bank, HDFC, Adani Ports and M&M outperformed, up 0.6-1.2 percent.

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Posted in: Indian Market Tips