Sensex, Nifty continue to skid; Bajaj Auto tanks 4% --- 2 Nov 2015

Capital goods, metals and pharma stocks are falling sharply. Hit by weak October sales, Bajaj Auto is down 4 percent. Hindalco, Lupin, Tata Steel and L&T are major losers in the Sensex. Among the gainers are M&M, ICICI Bank, Tata Motors, Maruti and Axis Bank.

                                   

The market is sliding away as the the Sensex is down 128.95 points or 0.5 percent at 26527.88. The Nifty slips 34.85 points or 0.4 percent at 8030.95. About 820 shares have advanced, 1260 shares declined, and 86 shares are unchanged. Capital goods, metals and pharma stocks are falling sharply. Hit by weak October sales, Bajaj Auto is down 4 percent. Hindalco, Lupin, Tata Steel and L&T are major losers in the Sensex. Among the gainers are M&M, ICICI Bank, Tata Motors, Maruti and Axis Bank. Oil prices fell in as analysts expected weaker demand from China in upcoming months. The weakness came after gains made last week following a further decline in the US oil rig count which indicated that domestic crude production could drop in coming months. But in Asia, the possibility of slowing demand in China dominated trade on Monday, with growth faltering in the world's No.2 economy.

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