The BSE benchmark Sensex washed out all off yesterday's gains as sell-off in technology and metal stocks accelerated. The 30-share BSE Sensex shed more than 150 points to trade at 16,347 and the 50-share NSE Nifty lost 37 points at 4,912.
The BSE Metal and IT indices fell 1% and 1.6%, respectively. Banking stocks like SBI, ICICI Bank and HDFC Bank too slipped into the red.
Jindal Steel and Tata Power were top losers on Niftyfalling 3.5-4%. ITC, BHEL, Bharti Airtel, NTPC and Sun Pharma were other losers.
However, Anil Dhirubhai Ambani Group's stocks were on buyers' radar. Reliance Communications, Reliance Capital and Reliance Infrastructure rose 1-3%.
HUL, Ranbaxy Labs, DLF, L&T, HDFC and Kotak Mahindra Bank were other gainers.
Asian markets, which were showing signs of recovery, slipped once again. Nikkei, Kospi and Hang Seng declined over 1%. Straits Times and Taiwan lost 0.6% each.
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