Selloff grips D-Street as Sensex falls over 150 points; Nifty hovers around 11,000

Selling among FMCG names along with PSU banks have weighed on the market. However, midcaps are outperforming the benchmarks so far.

Market Update 

A sharp selloff has gripped the market in the past few minutes. 

The Sensex has fallen nearly 200 points, while the Nifty is trading near 11,000-mark.

Financials, particularly PSU banks, are dragging the indices along with automobiles and FMCG names. 

Nifty IT index is also down over 1 percent. Midcaps, too, have given up all their gains. The Nifty Midcap index is trading quarter of a percent lower.

Tata Motors, ITC, and HCL Tech are the top losers, while Yes Bank, IndusInd Bank, and Indiabulls Housing have gained the most.

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