Nifty hovers around 10,200; Reliance Industries hits record high

Benchmark indices continued to trade lower in noon, weighed by banks, auto and telecom stocks but Reliance Industries (up 2.6 percent) and HDFC Bank capped losses.

The 30-share BSE Sensex was down 118.70 points at 32,490.46 and the 50-share NSE Nifty fell 47.50 points to 10,187.

The market breadth was negative as about 1,246 shares declined against 1,121 advancing shares on the BSE.

Nifty Bank fell 350 points, dragged majorly by Axis Bank that crashed 8 percent after dismal performance in Q2.

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Posted in: Indian Market Tips