Sensex slips 300 pts, rupee depreciates on caution ahead of Q2 GDP

Equity benchmarks extended losses in late morning deals and the rupee also depreciated as investors maintained cautious stance ahead of second quarter GDP data due later today. A CNBC-TV18 poll expects GDP at 6.39 percent for the quarter against 5.7 percent in the previous quarter.

The 30-share BSE Sensex was down 273.15 points at 33,329.61. The 50-share NSE Nifty continued to trade below 10,300 ahead of expiry of November futures & options contracts, falling 79.30 points to 10,282.

The gap between advances and declines narrowed. About five shares declined for every four shares rising on the BSE against advance:decline ratio of 1:2 in early trade.

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Posted in: Indian Market Tips