The markets have slipped further as the selling pressure continues in capital goods, technology, banking, auto, telecom and power stocks. Market breadh is also negative, 467 shares have advanced while 674 shares declined on the NSE. However, some buying interest has seen in pharma and metals stocks.
At 11.28 hrs IST, the Sensex was down 137.69 points or 0.87% at 15694.86, and the Nifty down 29.60 points or 0.62% at 4742.00. About 1516 shares have advanced, 1465 shares declined, and 89 shares are unchanged.
Capital goods, technology and banking stocks are under bears' control, the BSE Capital Goods, IT and Bankex fell, 2.3%, 1.6% and 1.5%, respectively.
L&T, BHEL, Marut Suzuki and HDFC Bank were top losers while Ranbaxy Labs, Tata Steel, HUL and Hero Honda gainers.
Reliance Petroleum, Tulsi Extrusion, BHEL, and L&T were most active shares on the bourses.
ACC's March Cement sales went up by 4.9% at 1.92 MT versus 1.83 MT. The stock was up marginally by 0.13% or Rs 1.10 at Rs 828.
Indian rupee has fallen to 39.98 per dollar as against its previous close.
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