Sensex down 150 points; Tata Motors, ITC, HDFC decline
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Benchmark indices have extended losses and are trading near day’s lower dragged by index heavyweight shares like Tata Motors, ITC and HDFC.
By 14:05, the Sensex was lower by 156 points at 27,489 and the Nifty slipped by 45 points at 8,325.
The top losers on the Sensex are Tata Motors, ONGC, ITC, HDFC and NTPC, all falling between 1-2%.
Markets are trading lower weighed down by the selling pressure in the shares of index heavyweights Tata Motors, ITC and HDFC. Investors are also wary of the futures and options expiry for May series, which is due on Thursday.
At 12:50PM, the 30 share Sensex was down by 65 points or 0.23% at 27,578 levels while the 50 share Nifty was down below its psychological mark of 8,400 at 8,350 levels.
The broader markets are, however, outperforming the larger peers with BSE Midcap and Smallcap indices trading below 0.05% and 0.03%, respectively. The breadth of the market is negative with 1,098 advances against 1,222 declines on the BSE.
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