Sensex slips 150 pts, Nifty Midcap loses 1%; ADAG stocks dive

Equity benchmarks extended losses in afternoon, with the Sensex falling 161.40 points to 32,780.47 and the Nifty declining 61.40 points to 10,125.20. Weak global cues post correction in commodities weighed on sentiment.

About two shares declined for every share rising on the BSE.

Anil Dhirubhai Ambani Group stocks moved lower due to worries over debt-laden Reliance Communications that fell below Rs 10 level, down 14 percent.

Reliance Capital, Reliance Home Finance, Reliance Nippon Life Asset Management and Reliance Power were down 8-10 percent.

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Posted in: Indian Market Tips