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Equity benchmarks extended losses in morning trade with the Nifty falling below psychological 8900 level, dragged by banking & financials, auto and FMCG stocks.
The 30-share BSE Sensex slipped 221.81 points to 28823.47 and the 50-share NSE Nifty lost 74.50 points to 8878.
The broader markets also traded in line with benchmarks with the BSE Midcap and Smallcap indices losing 0.7 percent each. About 1167 shares declined against 828 advancing shares on the exchange.
HDFC, ITC, ICICI Bank, Tata Motors and Axis Bank were top contributors to Sensex’s fall, down 1.5-2 percent whereas TCS, ONGC, Reliance Industries, Wipro and Dr Reddy’s Labs bucked the trend.
Posted in: Indian Market Tips
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