Sensex, Nifty Edge Lower; Metal, Auto, IT Shares Face Selling Pressure
The S&P BSE Sensex and NSE Nifty 50 indexes edged lower in morning deals on the back of a selling pressure in auto, metal, information technology and real estate shares. However, buying in index heavyweight HDFC Bank, after it reported better than expected December quarter earnings, limited the downside for the benchmarks. The Sensex declined as much as 140 points and Nifty 50 index touched an intraday low of 14,389.15.
As of 9:25 am, the Sensex was down 20 points at 49,014 and Nifty was at 14,405, down 28 points.