Equity benchmarks remained under pressure in late morning trade, with the Sensex falling 238 points to 31,836.78 and the Nifty down 54.90 points at 9,861.05.

The broader markets continued to outperform, with the BSE Midcap trading flat.

Infosys, L&T, Asian Paints, Kotak Mahindra Bank, SBI, HDFC, TCS, Sun Pharma and Tata Motors gained up to 1.5 percent whereas ITC tanked 11.6 percent and Reliance Industries was down 1.9 percent.

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Posted in: Indian Market Tips