Benchmark indices extended
losses on Monday morning with Nifty falls below the key level of
11,400, led by weak global cues.
At around 10.00am, the BSE
Sensex is down 308 points at 38028-level, and the Nifty down 80
points at 11339-level.
Bajaj Finserve, HDFC, HDFC
Bank, BPCL and Bajaj Finance were among major Nifty losers while
gains were led by Vedanta, Tata Motors, Yes Bank, Bharti Infratel and
Sectoral indices are in
mixed trends with Nifty Auto, Metal, IT and pharma were trading in
the green whereas Nifty Financial Service, Private bank and realty
indices were witnessing heavy selling pressure.
Among specific stocks,
Reliance Industries falls 0.17% to Rs1,246.90-per share at this time,
after the company on Friday reported 6.82% rise in consolidated net
profit to Rs 10104 crore .
Shares of HDFC Bank also
lost 2.77% to Rs.2,309.85 per share after the Bank on Saturday
reported 21.01% jump in net profit to Rs5568.16 crore.
Shares of Kotak Mahindra
Bank declined 1.46% to Rs1,477.00 per share ahead of its result