New Delhi, India (BBN)-The Indian benchmark indices were trading on a subdued note in the morning deals on the back of selling pressure which was visible across the sectors.
The 50-share Nifty slipped below its important psychological level of 8,300 led by selling in heavyweights like Infosys, State Bank of India, L&T and BHEL, reports NDTV.
At 9:28 am, the Sensex was up 16 points at 27,454 and the Nifty slipped 6 points to 8,299.
Meanwhile, selling pressure was visible across the board. Consumer durables, pharma, realty and capital goods stocks were amongst the worst hit. The BSE consumer durable index was down nearly 2 per cent, Pharma, realty and capital goods indices were also down over 1 per cent each.
From the Nifty-50 basket of stocks, 32 were declining while 18 were advancing. Tech Mahindra was the top Nifty loser, the stock was down 3 per cent at Rs 570. Tata Steel, GAIL India, BPCL, HCL Tech, Infosys, State Bank of India, Sun Pharma, ACC and Lupin were also among the losers, down over 1 per cent each.
The broader markets were underperforming the benchmark indices. The BSE small-cap index plunged nearly 2 per cent and the mid-cap index was down 1.2 per cent.