Sensex, Nifty extend losses; Reliance at 27-mth high, ONGC down

Epic Update Reliance Industries
Epic Update Reliance Industries

The market extended losses in noon trade with the Nifty struggling below 8800 level, weighed by banking & financials, auto, FMCG and PSU oil stocks.

The 30-share BSE Sensex was down 189.98 points at 28478.24 and the 50-share NSE Nifty fell 53.30 points to 8778.25. The broader markets outperformed benchmarks, trading flat.

The market breadth turned weak as about 1274 shares declined against 1117 advancing shares on the Bombay Stock Exchange.

Reliance Industries hit fresh 27-month high of Rs 1,128.90, rising more than 2 percent intraday. ONGC was the top loser on Sensex, down 3 percent.
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