Indices fall further as IT, banking stocks come under selling pressure.
BSE Sensex is currently trading 48,717.09 down 444.72 points or 0.90%.
Nifty50 is currently 14,719.60 down 131.15 points or 0.88%. Nifty Bank is trading down 1.19% at 32,479.50 while Mid-cap Index is down by 0.61%.
Power Grid, Tata Motors, Larsen & Turbo, NTPC, and Asian Paints are the top gainers while Tech Mahindra, IndusInd Bank, Axis Bank, Grasim and Mahindra & Mahindra are the top losers.
Nifty IT, Banking and Financial Services continue to drag the most while PSU Bank stocks are nearly 2% higher.
Out of 50 stocks traded on the NSE, 10 advanced and 40 declined.
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