Financials extend losses from Friday, NBFCs take a hit as investors continue to be cautious on liquidity issues.

Equity benchmarks have extended their losses, with the Nifty trading below 11,100. The Sensex is down over 200 points.

At 09:54 hrs IST, the Sensex is down 201.43 points or 0.55% at 36640.17, while the Nifty is down 68.60 points or 0.62% at 11074.50. The market breadth is negative as 523 shares advanced, against a decline of 1,319 shares, while 96 shares were unchanged.

Shares of Infosys, Vedanta, and ONGC are the top gainers, while Maruti Suzuki, M&M, Bajaj Finance and Indiabulls Housing have lost the most.

Buzzing stock: Shares of Usha Martin jumped about 8 percent at open after the company signed an agreement with Tata Steel.

Tata Steel on Saturday said it will acquire Usha Martin’s steel unit, but did not specify the deal amount.

Shares of Usha Martin closed in on 52-week high of Rs 36.40. But the stock cooled off soon after.

Sep 24, 09:36 AM (IST)
DHFL, Indiabulls Housing react mixed The two big newsmakers from Friday, Dewan Housing (DHFL) and Indiabulls Housing are trading mixed. The former is higher by 18 percent, while Indiabulls Housing is down 3 percent at this point.

source: moneycontrol.com