Indian equity benchmarks sustained opening losses in the forenoon trade. Indiabulls emerged as the worst Nifty performer after Moody’s downgraded its credit rating.
The S&P BSE Sensex fell 0.50 percent to 37,126.90 and the NSE Nifty 50 declined 0.53 percent to 10,971.10. The broader markets represented by the NSE Nifty 500 Index fell 0.54 percent.
The market breadth was tilted in favour of sellers. About 1,022 stocks declined and 592 shares advanced on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Metal Index’s 1.75 percent fall. On the flipside, NSE Nifty Auto Index was the only gainer, up 0.1 percent.