Market trims morning losses, Nifty around 8950; Hindalco down 3%

The market continued its downtrend, but trimmed some of its losses from the morning trade, even as investors sit on the fence ahead of exit polls on Thursday. The indices reclaimed a few milestones in the afternoon trade.

The Sensex was down 39.05 points at 29009.14, while the Nifty down 13.10 points or 0.15% at 8950.35. 

The market breadth was negative as 1,097 shares advanced, 1,571 shares declined and 170 shares remained unchanged.

Tata Steel, Hindalco and Axis Bank remained the top losers on both indices, while Adani Ports, ONGC and BPCL were the top gainers.

Bharat Financial inclusion was under pressure after it hinted that 4.5 percent of its loan book will turn bad in the December quarter. The stock was down nearly 6 percent intraday.

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