The BSE benchmark sensex continued to decline in the late morning trade by slipping 135 points due to selling in select counters as Asian stocks fell after US House Republican leaders cancelled a planned vote that would permit higher taxes amid stalled budget talks.
Shares of auto, metal, refinery and PSU fell on selling pressure from operators.
The BSE benchmark Sensex resumed lower at 19,394.55 and dropped further to a low of 19,290.50 before quoting at 19,318.57 at 1025 hrs, showing a net loss of 135.35 points of 0.70 percent.
The NSE 50-share Nifty also declined by 47.15 points, or 0.80 pct, to 5,869.25 at 1025 hrs.
Major losers from the Sensex pack were Tata Motor (1.78 percent), ITC (1.63 percent), BHEL (1.47 percent), Sterlite Ind (1.41 percent), Coal India (1.40 percent) and Bharti Airtel (1.36 percent).
Asian stocks fell in the early trade after US House Republican leaders cancelled a planned vote that would permit higher taxes amid stalled budget talks. Key benchmark indices in China, Hong Kong, Japan, Taiwan, Singapore and South Korea fell by between 0.24 pct to 1.15 percent.
