Sensex, Nifty Bank fall 100 pts; L&T falls for 2nd day, RIL supports

Benchmark indices extended losses in afternoon, dragged by banks, technology and infra stocks.

Nifty Bank fell more than 100 points as rate cut is unlikely in upcoming RBI’s policy meeting after inflation hardened further.

The 30share BSE Sensex was down 111.47 points at 32,922.09 and the 50-share NSE Nifty fell 39.50 points to 10,185.50.

About 1,342 shares declined against 1,077 advancing shares on the BSE.

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Posted in: Indian Market Tips