Sensex, Nifty extend losses; Tata Motors zooms, L&T cracks

Equity benchmarks extended losses in noon trade with the Sensex falling 193.59 points to 22758.24 and the Nifty down 61.20 points to 6915.15. The market breadth remained weak as about five shares declined for every share advancing on the Bombay Stock Exchange.

The broader markets have seen major fall compared to benchmarks. The BSE Midcap and Smallcap indices were down 2-3 percent.

Tata Motors topped the buying list on Sensex, up 4.7 percent followed by ITC, Axis Bank, M&M and NTPC with more than a percent gain. However, BHEL crashed 11 percent after posting a loss of more than Rs 1,000 crore in Q3. ICICI Bank, L&T, Adani Ports, ONGC, Tata Steel and Hindalco declined 4-6 percent.

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Posted in: Indian Market Tips