Sensex struggles below 30,000; cement stocks fall

Benchmark indices extended their losses during the session, after staging a 150-point gain in the morning, with the Nifty hovering around 9300-mark.

The Sensex was down 67.02 points at 29851.38, while the Nifty was down 18.20 points at 9285.85. The market breadth was negative as 1,146 shares advanced against a decline of 1,436 shares, while 133 shares were unchanged.

Cements stocks such as Ambuja Cements, ACC and others like Tata Motors and Lupin were top losers, while ONGC, Maruti Suzuki and Indiabulls Housing gained the most.

The midcap index was trading almost flat with a positive bias, but the Bank Nifty was trading nearly one third percent lower.

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