Sensex down 300 pts, Nifty below 25,200; Orient Cables shares drop 10%

The Nifty50 and the Sensex fell as global technology shares advanced and oil prices steadied. Further, India’s headling inflation rose to 6.09 per cent, hitting two-year high in October, which also roiled the risk sentiment.

As of 11:00 AM, the Sensex fell 161.92 points or 0.2 per cent to 81,749.09, and the Nifty50 was down 97.95 points or 0.39 per cent at 25,201.40.

Shriram Finance, InterGlobe Aviation, and HDFC Bank were the top losers in the Nifty50 index.

In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.63 per cent and 0.43 per cent, respectively.

Sector-wise, Nifty Realty and Nifty Auto declined the most, while Nifty Pharma and Nifty Healthcare rose the most.