The market extended losses with the Sensex falling 177.69 points to 24616.27 and the Nifty down 47.25 points to 7484.55. The BSE Midcap also lost shine, trading flat but Smallcap outperformed, rising 0.4 percent.
The market breadth was positive as about 1008 shares advanced against 699 declining shares on the BSE.
Infosys fell nearly 3 percent after 78 lakh shares exchanged hands on BSE & NSE at around Rs 1,150 per share. There were reports saying former leaders of the company S Gopalakrishnan and SD Shibulal & family were likely to sell 50 lakh and 25 lakh shares via block deals today.
TCS, Reliance Industries, L&T, Sun Pharma and HUL declined more than 1 percent while Hindalco bucked the trend, up 3 percent.
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