The market extended losses in afternoon trade with the Sensex falling more than 150 points, weighed by selling in metals, banks, capital goods and auto stocks.
State Bank of India crumbled 4 percent after disapointing net interest income in Q1 that rose 3.6 percent against expectations of 10 percent growth.
SBI, Tata Steel, Tata Motors, Hindalco and Coal India are major laggards. Infosys, cipla, TCS, Maruti and Sun Pharma are top gainers in the Sensex.
Tata Steel slipped more than 4 percent ahead of Q1 earnings. A CNBC-TV18 poll expects company to post loss of Rs 440 crore against profit of Rs 337 crore year-on-year. Tata Motors lost more than 3.5 percent.
STOCKRAJA
State Bank of India crumbled 4 percent after disapointing net interest income in Q1 that rose 3.6 percent against expectations of 10 percent growth.
SBI, Tata Steel, Tata Motors, Hindalco and Coal India are major laggards. Infosys, cipla, TCS, Maruti and Sun Pharma are top gainers in the Sensex.
Tata Steel slipped more than 4 percent ahead of Q1 earnings. A CNBC-TV18 poll expects company to post loss of Rs 440 crore against profit of Rs 337 crore year-on-year. Tata Motors lost more than 3.5 percent.STOCKRAJA
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