Mkts slide further; RIL, Bharti, SAIL, BHEL, TCS, L&T drag

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At 14:53 hours IST, selling in financial, technology, capital goods, telecom, select power and oil & gas stocks was putting pressure on the benchmark indices. The Nifty was struggling at the 4400 mark as institutions were the sellers. The broader indices were also quiet in trade.

The Nifty was down 71 points, to 4,397 and the Sensex lost 212 points, to 14,850. On the global front, European markets were down 0.3-0.8% and US futures fell 0.5-0.8%.

The market breadth was negative; about 553 shares advanced while 685 shares declined on the NSE.

All sectoral indices were in the red; Metal, Capital Goods, Power, TECk, Auto, IT and Bank indices were down 1.4-2%.

Reliance Industries, Bharti, HDFC, BHEL, SAIL, TCS, L&T, Cairn, Reliance Communication, Infosys, ICICI Bank, Reliance Infrastructure and Tata Steel slipped 1.5-4.5%.

On the next page - see how Indian markets performed in the last couple of hours