Sensex, Nifty see profit taking; Hindalco, Tata Steel lose shine

HINDALCOBenchmark indices remained moderately under pressure in morning as investors maintained cautious stance ahead of exit polls for assembly elections that will end on March 8.

The 30-share BSE Sensex was down 55.26 points at 28992.93 and the 50-share NSE Nifty fell 20.80 points to 8942.65.

The market breadth also turned negative as about 1308 shares declined against 982 advancing shares on the BSE.

Metals stocks were under pressure on profit booking. Hindalco fell 3 percent and Tata Steel slipped nearly 2 percent.

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