Sell-off continues on D-Street; Tata Steel, Hindalco decline

Sluggishness in the market continued in the afternoon session as equity benchmarks declined and neared the day’s low levels.

The 30-share Sensex was down 218.62 points at 29202.78, while the Nifty was down 70.25 points at 9037.75. 

The market breadth pointed to steady negativity as 1,056 shares advanced against a decline of 1,497 shares. Around 192 shares remained unchanged.

Index heavyweight Reliance Industries dragged the indices lower. This, along with a below normal monsoon forecast and global cues hit the Street’s performance.

Tata Steel, Reliance and Idea Cellular were the top losers on both indices, while BHEL, SBI, Bank of Baroda and Bharti Airtel gained the most.

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