The 30-share BSE Sensex slipped 41 points to 17,089 and the 50-share NSE Nifty lost just 15 points to trade at 5,146. Technology, metal and banks are in stress in the morning trade. Global benchmarks indices retreated post rumours that there may be downgrade in France, which commands AAA rating.
Among technology stocks, Wipro, HCL Tech, Infosys and TCS were down 1-1.5%.
Tata Motors, which rallied 6% yesterday, fell 1.5% on profit booking.
Metal stocks like Hindalco, Tata Steel, Sesa Goa and SAIL too were on sellers' radar.
Heavyweights SBI, Bharti Airtel, HDFC Bank, L&T and Reliance Industries slipped 0.5-1%.
However, Reliance Capital, Reliance Communications and Kotak Mahindra Bank were marginally in the green. Cipla gained 1%.
The CNX Midcap declined 21 points at 7,624. About 212 shares advanced as against 497 shares declined on National Stock Exchange.
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