Equity benchmarks extended losses in afternoon, with the Nifty breaking 9,850 level as likely fiscal stimulus may increase fiscal deficit.
The 30-share BSE Sensex was down 359.23 points or 1.13 percent at 31,563.21 and the 50-share NSE Nifty fell 119.10 points or 1.20 percent to 9,845.30.
About five shares declined for every share rising on the BSE.
The BSE Midcap index was down 1.6 percent and Smallcap declined 2.3 percent.
Power stocks outperformed ahead of power reforms announcement later today. Tata Power, Power Grid and Torrent Power gained 0.7-1.8 percent.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
You may also like:
|Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited||Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed|