Equity benchmarks continued to see selling pressure in noon trade, dragged by HDFC and ITC. The Sensex fell 161.62 points to 24642.66 and the Nifty declined 46.95 points to 7491.80.
The market breadth was also weak as about 1345 shares declined against 909 advancing shares on the Bombay Stock Exchange.
Crompton Greaves was the biggest loser on exchanges, falling nearly 74 percent after demerger of its consumer products business into separate entity. Shareholder of Crompton will get one share of consumer products business for every share held in the company.
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