Equity benchmark indices lost ground in morning trade as selling pressure was seen in ITC, NTPC, ONGC and Yes Bank. The Indian rupee slipped further in morning trade as market participants awaited cues from the Union Budget to be presented in the Parliament soon.
The Sensex trading lower by 171 points to 39,737 levels, while the Nifty was down 59 points to 11,887 levels. The market breadth was negative with 667 shares advancing, 954 shares declining, and 431 remaining unchanged on the NSE.
Shares of IRB Infra and Dilip Buildcon gained in the morning trade after the government plans to carry out the comprehensive restructuring of highways programme.
The Nifty Metal index slipped ~1% as selling pressure was seen in Vedanta, NMDC, Coal India and Hindalco.
Yes Bank, ONGC, NTPC and BPCL were among the top losers on the Nifty50, while gainers include Infratel, Indiabulls Housing and JSW Steel.
The Sensex reclaimed 40,000 levels for the first time since June 11 in the morning trade.
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