Sensex falls over 200 points, Nifty around 9600; PSU banks crack

Benchmark indices extended their losses from the morning session, with the Sensex declining over 200 points, while the Nifty threatening to breach 9600-mark.

The Sensex was down 202.02 points at 31060.04, while the Nifty was down 64.15 points at 9604.10. The market breadth was negative as 999 shares advanced against a decline of 1,574 shares, while 147 shares were unchanged.

Larsen & Toubro, Wipro and Bank of Baroda were the top losers, while Sun Pharma, Infosys and Tech Mahindra gained the most.

Midcaps, PSU banks, infrastructure stocks continued their fall, while the pharma and IT were the only gainers.

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Posted in: Indian Market Tips