Nifty slips below 9050, Midcap sinks too; ICICI drags, Axis outperforms

Epic Update ICICI Bank
Epic Update ICICI Bank

Benchmark indices as well as broader markets continued to trade lower in morning following weakness in global peers, dragged by banks, auto, metals and FMCG stocks.

The 30-share BSE Sensex was down 221.38 points at 29,264.07 and the 50-share NSE Nifty fell 74.10 points to 9047.40 while the BSE Midcap declined nearly 0.9 percent on weak market breadth.

About two shares declined for every share rising on the BSE.

ICICI Bank, HDFC, Reliance Industries, HDFC Bank and Tata Motors were top five contributors to Sensex’s fall while Axis Bank bucked the trend, up 1 percent.

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