Sensex down 150 pts as Axis, HDFC Bank lend support; RIL weigh

Equity markets began Thursday’s trade on a weaker note as global markets remained on the backfoot. After starting over 100 points lower, the S&P BSE Sensex extended fall to tumble 250 points to quote at 60,800.

The Nifty50, meanwhile, slipped below tjhe 18,100 level dragged by Adani Enterprises, Hindalco, Kotak Bank, Titan Company, Bajaj Finserv, Ultratech Cement, Adani Ports, and Eicher Motors.

In the broader markets, the BSE MidCap and SmallCap indices were quoting 0.3 per cent lower each.

All the sectoral indices were trading with cuts. The Nifty Metal index fell 0.6 per cent, followed by the Nifty IT index (down 0.6 per cent).