Equity benchmarks as well as broader markets continued to bleed in noon trade, weighed down by banking & financials, infra, pharma and select FMCG stocks.
The BSE Sensex declined 206.83 points or 0.88 percent to 23203.35 and the NSE Nifty slipped 58.70 points or 0.83 percent to 7050.85. The BSE Midcap and Smallcap indices were down 0.6 percent and 0.8 percent, respectively.
The market breadth remained weak as about two shares declined for every share advancing on the Bombay Stock Exchange.
BPCL, Power Grid, Infosys and Maruti gained 1-3 percent while Tata Motors, NTPC, HDFC, BHEL, Bajaj Auto and Cairn India fell 2-3 percent.
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