Sensex slips 100 pts, Midcap underperforms; Axis Bank falls 2%

Axis Bank

Equity benchmarks remained under pressure in afternoon, with the Sensex losing more than 100 points on profit booking after hitting record highs.

The 30-share BSE Sensex was down 101.70 points at 30,149.28 and the 50-share NSE Nifty slipped 41.20 points to 9,381.20.

The BSE Midcap and Smallcap indices extended losses, down 0.7 percent each as more than two shares declined for every share rising on the exchange.

Axis Bank, HDFC, Asian Paints, ICICI Bank and Reliance Industries were top five contributors to Sensex’ losses, down 0.6-3 percent.

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Epic Research
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