New Delhi: On the back of sustained selling pressure across the board, the markets have slipped into deep red.
Continuing its fall for the fourth straight day on Friday, the Bombay Stock Exchange benchmark Sensex down 255.16 points or 1.77 per cent at 13773.15 at 1321 hrs IST.
Similarly broad based Nifty went down 68.85 points or 1.70 per cent at 3971.15 following heavy selling in heavyweight stocks led by banking and auto segments.
Cement stocks such as Grasim Industries and ACC were the prominent losers. Grasim lost Rs 135.85 at Rs 2,289 and ACC by Rs 37.50 at Rs 926.
The Bank index lost about 219 points at 6,786.09 as heavyweight ICICI Bank fell by Rs 46.50 at Rs 902 and the auto index by 101.21 points at 5,357.46 with Bajaj Auto losing Rs 61.95 at Rs 2,850 and Maruti Udyog by Rs 21.20 at Rs 858.
ITC Ltd was down by Rs 4.85 at Rs 169.20 on concern the government might impose a value-added tax on cigarettes in the general budget next week.
However, the Sensex-heaviest and third global major refiner Reliance Industries remained in demand and gained Rs 7.20 to touch Rs 1,421.
Tech major Infosys was trading at Rs 2,283.70 down 0.22 per cent from its previous close of Rs 2,288.70.
Refinery major HPCL was trading at Rs 279.75 down 2.64% from its previous close of Rs 287.35.
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