Mumbai: The benchmark index fell 0.37%, while the broader NSE 50-share index lost 0.44%.
Tata Motors shares slumped 10% intraday after earnings disappointed on operating level, leading to a raft of analyst downgrades.
Sensex at mid-day
Banking shares fell with State Bank of India down 1.52% on profit-taking after rising 9.4% in last 5 sessions, while ICICI Bank shares were down 1%. Tech stocks extended Tuesday’s rally with Infosys and TCS rising 0.7% each.
Indian rupee fell for a second session, hovering close to its record low of 56.40 against dollar. MSCI Asia ex-Japan was down 1%.
The BSE Sensex fell 0.7%, while the 50-share NSE index was down 0.8% on opening.