Nifty struggles below 7200; FMCG & banks drag, metals shine

The market extended losses in morning trade, dragged by FMCG, banking & financials and technology stocks. Metals and select auto stocks outperformed.

The 30-share BSE Sensex fell 144.73 points or 0.61 percent to 23644.06 and the 50-share NSE Nifty declined 49.15 points or 0.68 percent to 7185.40. The broader markets too were under pressure with the BSE Midcap and Smallcap indices down nearly half a percent

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Posted in: Indian Market Tips