Sensex, Nifty slip into red ahead of F&O expiry; autos gain

Benchmark indices slipped in the red, as a result of implied volatility due to F&O expiry of March derivative contracts.

The Sensex was down 49.23 points at 30084.12, while the Nifty was down 11.95 points at 9339.90. 

The market breadth was negative as 1,010 shares advanced against a decline of 1,030 shares, while 98 shares were unchanged.

Auto stocks Tata Motors, Hero MotoCorp, and Tata Motors DVR were among the top gainers, while Lupin, Axis Bank and Hindalco lost the most.

Shares of Adani Enterprises witnessed 13 percent surge after it was out of the F&O ban.

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