Nifty below 8200, Sensex in red; Sun Pharma, Tata Motors fall

Moneycontrol Bureau11:30 am Market sell-off: The Sensex is down 19.32 points at 26583.52, and the Nifty down 6.35 points at 8176.10. About 1229 shares have advanced, 992 shares declined, and 124 shares are unchanged. 11:11;3-TCS, M&M, Bajaj Auto, Infosys and Adani Ports are top gainers while Sun Pharma, Tata Motors, ITC, NTPC and Bharti Airtel are losers in the Sensex.Don't miss: Buy, sell, hold: 2 stocks that you may bet for good returns

The market is still holding early gains as the Sensex is up 78.61 points or 0.3 percent at 26681.45. The Nifty is up 25.85 points or 0.3 percent at 8208.30. About 1349 shares have advanced, 782 shares declined, and 109 shares are unchanged.

TCS, M&M, Infosys, Bajaj Auto and SBI are top gainers while Sun Pharma, Tata Motors, Bharti Airtel, NTPC and ITC are losers in the Sensex.

Gold prices fell sharply by Rs 295 to Rs 27,292 per 10 grams in futures trade today as participants cut their bets amid a weak global trend. Analysts attributed the fall in prices to weak trend in gold overseas where it traded at nearly 10-month low after the US Federal Reserve announced a hike in interest rates, boosting the dollar and reducing appeal of the precious metal.

Meanwhile, gold was trading 0.17 percent down at USD 1,140.70 an ounce in Singapore.