Equity benchmarks extended losses in morning trade with the Sensex falling more than 100 points, weighed by FMCG, banking & financials, auto and pharma stocks. However, oil and select technology stocks bucked the trend.
The 30-share BSE Sensex was down 125.07 points at 26025.17 and the 50-share NSE Nifty fell 43.55 points to 8030.55. The broader markets underperformed benchmarks.
The BSE Midcap and Smallcap indices were down more than 0.8 percent on weak breadth.
About 1091 shares declined against 688 advancing shares on the exchange.
Nifty Auto, Bank and Realty indices slipped 1-2 percent.
HDFC, HDFC Bank, Tata Motors, SBI, Maruti, HUL and Dr Reddy’s Labs declined 1-1.6 percent while Adani Ports, ONGC, Wipro, Infosys, Reliance Industries and Bharti Airtel gained strength.
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