Sensex, Nifty shaky on earnings woes; banks bleed on NPA scare

Axis Bank
The market is reeling under pressure as banks continue to grapple with asset worries in September quarter.

The Sensex is down 227.53 points or 0.8 percent at 27863.89 and the Nifty is down 55 points or 0.6 percent at 8636.30.

About 1277 shares have advanced, 1015 shares declined, and 178 shares are unchanged.

Bankex is down over 1 percent dragged by Axis Bank (down 8 percent) and ICICI Bank (down 3 percent).Other losers in the Sensex include are Tata Motors, Asian Paints and Adani Ports. Bharti, Hero, Bajaj Auto, Maruti and M&M are gainers in the Sensex.

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