Benchmark indices extended losses amid volatility in afternoon trade with the Nifty struggling below 8400 level, dragged by further fall in technology stocks. Infosys cracked 3 percent and TCS 4 percent on profit booking after third quarter earnings.
The 30-share BSE Sensex was down 85.06 points at 27162.10 and the 50-share NSE Nifty fell 32.40 points to 8374.80. The BSE Midcap and Smallcap indices were down 0.3 percent each on negative breadth. About 1478 shares declined against 1113 advancing shares on the BSE.
Markets in Europe were higher as investors digested data from China and waited for corporate earnings from the US later in the session. France’s CAC, Germany’s DAX and Britain’s FTSE were up 0.4 percent each.
Tata Motors, Maruti Suzuki, NTPC, Hero Motocorp and Bajaj Auto were down more than 1 percent while HDFC, Axis Bank, ITC, ONGC, Sun Pharma and GAIL gained 1-3.5 percent.
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