Markets have witnessed broadbased selling, taking the indices lower on Monday. The week has opened on the negative side with stocks from the Financials, Oil & gas, IT and metal sectors leading the decline.
At 10:32 AM, the Nifty has fallen below the crucial 5200 level and is standing at 5196, down by 82 points or -1.54%.
Index heavyweight Reliance Industries is among the major stocks seeing the cuts. The stock has see a cut of 1.9%. Another major from the Oil & gas space, ONGC, has also see cuts of over 2%.
The CNX IT index has fallen 1.4%. Infosys is down by 1.4%, while TCS is trading with 2.4% cuts.
ICICI Bank, from the private banking space is down by 3.3%. The stock is trading at 880. HDFC Bank is down to 505.90 with 1.6% cuts. State run SBI is down by 1.4%. PNB is down by 1.5%.
IDFC, from the financial space is down by 3%. HDFC has seen a cut of 1.4%.