Nifty hovers around 8150; auto & metal bleed, IT outperforms

Epic Update Tata Steel
Epic Update Tata Steel

The market continues to be under selling pressure with the Nifty hovering around 8150. The 50-share index is down 141.65 points or 1.7 percent at 8154.65 and the Sensex is down 366.49 points or 1.4 percent at 26452.33. 
About 280 shares have advanced, 2257 shares declined, and 104 shares are unchanged.

IT stocks are outperforming with big gainers like Wipro, TCS and Infosys. SBI and Dr Reddy’s are other top gainers in the Sensex. Auto and Metals indices are down over 4 percent each. Losers in the index are Tata Motors, Tata Steel, Asain Paints, Maruti and Hero MotoCorp are major losers in the Sensex.

Gold prices moved higher during Asian hours on Tuesday as investors snapped up bars and coins in a wave of physical buying after the precious metal slipped to its lowest level in nearly six months in the previous session.
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