Nifty struggles below 8700; Tata Motors, Tata Steel remain weak

Benchmark indices continued to trade lower in afternoon due to consistent sell-off in technology, Tata Group and HDFC Group stocks. The 30-share BSE Sensex was down 85.90 points at 28093.18 and the 50-share NSE Nifty declined 18.40 points to 8690.55.

Tata group stocks were under pressure after Tata Sons sacked Cyrus Mistry as chairman yesterday. Tata Steel, Tata Motors and TCS declined 1-2 percent

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Posted in: Indian Market Tips