Nifty struggles below 9650; L&T gains, Tata Motors sees profit booking

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Equity benchmarks continued to reel under selling pressure, with the Nifty struggling below 9650 level on correction in banking & financials, auto and metal stocks.

The 30-share BSE Sensex was down 57.71 points at 31,239.82 and the 50-share NSE Nifty fell 30.15 points to 9,623.35.

L&T gained over a percent after sources told CNBC-TV18 that the government sold its stake in the company for Rs 4,000 crore.

Reliance Industries continued to support the market, up 0.64 percent while HDFC, Tata Motors, ONGC, Lupin, TCS, HDFC Bank and ICICI Bank were under pressure.

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