Midcap Corrects In line With Frontliners, Sensex Dips Over 150 Pts; Nifty Bank In The Green

The market was reeling under selling pressure, with the Sensex falling more than 150 points but the Nifty Bank traded in the green.

The broader markets also traded in line with frontliners, with the Nifty Midcap index falling half a percent.

The 30-share BSE Sensex was down 173.13 points at 34,930.01 and the 50-share NSE Nifty declined 54.40 points to 10,625.30. About three shares declined for every two shares rising on the BSE.

Godrej Properties was up over 3 percent after the board approved private placement worth Rs 995 cr to Gamnat PTE, which leads to 5.9 percent equity dilution.

Phillips Carbon Black was up over 2 percent after reporting nearly 3-fold increase in March quarter profit.

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