Global markets are reacting to escalating trade war tensions, while a weak rupee is also weighing on indices.
Buzzing: Share price of Sterlite Technologies rose 3.3 percent as company doubled its optical fibre cable solutions capacity. The company announced the addition of 15 million fibre km to its optical fibre cabling capacity, doubling it to 33 million fibre km.
Equity benchmark indices extended losses in the afternoon session led by consumer durables, banking, oil & gas and PSU stocks, amid fresh weakness in the rupee and weak global cues.
Sensex dropped 429 points to 37,661 driven by losses in index majors HDFC twins, Reliance Industries, ITC, Infosys and ICICI Bank.
On the sectoral front, realty, IT and metal stocks showed some resistance.
Equity benchmark indices extended losses in the afternoon session led by consumer durables, banking, oil & gas and PSU stocks, amid fresh weakness in the rupee and weak global cues.
Sensex dropped 429 points to 37,661 driven by losses in index majors HDFC twins, Reliance Industries, ITC, Infosys and ICICI Bank.
On the sectoral front, realty, IT and metal stocks showed some resistance.
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