Sensex extends losses, Nifty struggles below 9150; Idea tanks 13%

Epic Update Idea CellularEpic Update Idea Cellular

Equity benchmarks extended losses in morning, with the Nifty struggling below 9150 as investors preferred to book profits after previous week’s rally.

The 30-share BSE Sensex was down 142.99 points at 29,506 and the 50-share NSE Nifty fell 33.10 points to 9,126.95 while the broader markets outperformed benchmarks, rising marginally on positive breadth.

About 1181 shares advanced against 993 declining shares on the BSE.

Ideal Cellular fell 13 percent to below Rs 100 level as investors may be concerned about the pricing of merger with Vodafone India. Other reason could be profit booking as the news already priced in. The stock rallied 67 percent in 2017.

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