Nifty slip into red; capital goods, bank stocks weigh

Sensex, Nifty slip into red; capital goods, bank stocks weigh
01/08/2016 13:29
                 01.48Pm - Nifty Fut : Sell Zone

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Reversing morning gains, Indian equity benchmarks slipped into the negative territory during the afternoon session on Monday as markets witnessed selling pressure mainly in the banking and capital goods sector stocks and amidst mixed cues from fellow Asian peers.

Sensex was at 27,997.51, down by 54.35 points or 0.19 per cent
NSE Nifty was at 8,633.25, down by 5.25 points or 0.06 per cent.

The stocks of ICICI Bank and Larsen & Toubro Ltd slide over 3 per cent amid weak June quarter results.

On the global front, most of the Asian markets ended in the green, except China’s Shanghai Composite as a contraction in China’s manufacturing sector raised concerns over a slowdown in the world’s second biggest economy. While Hong Kong’s Hang Seng was trading 1.21 per cent higher.