Sensex down over 150pts, Nifty hold 7400; Mid, Smallcap fall too

The market extended losses in noon trade with the Sensex falling 173.11 points to 24378.06 and the Nifty losing 46.55 points to 7414.05, weighed down by banking & financials, auto, infra and pharma stocks.

The BSE Midcap and Smallcap indices were down 1.3 percent and 0.93 percent, respectively. About two shares declined for every share advancing on the Bombay Stock Exchange.

Infosys and ITC bucked the trend, up 0.8 percent each while Hindalco Industries topped selling list on Sensex, down 4.5 percent followed by Reliance Industries, Sun Pharma, Tata Motors, L&T, Axis Bank and SBI with over a percent loss.

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Posted in: Indian Market Tips