Sensex continues to be red; SC order hits Adani Power, Tata Power

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Equity benchmarks continued to be in the red, dragged by a fall in index heavyweights and weak global cues, with the Nifty breaching 9200-mark.

The Sensex was down 162.96 points at 29625.39, while the Nifty was down 51.40 points at 9185.60. The market breadth was negative as 659 shares advanced against a decline of 1,786 shares, while 77 shares were unchanged.

Tata Steel, Maruti Suzuki, Hindalco and Grasim were the top losers on both indices, while Coal India, Hero MotoCorp and Eicher Motors were in the green.

Reacting negatively to the Supreme Court?s order on compensatory tariff, shares of Tata Power and Adani Power took a hit on the Street on Wednesday.

Adani Power and Tata Power had an intraday fall of 5.7 percent and 1.7 percent, respectively and brokerages too had cautious views on the stocks.

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