Opening bell: Sensex, Nifty extend losses in opening

Equity benchmarks extended losses in opening trade today, with the Nifty struggling below 10,100 level, dragged by banks after RBI policy.

The 30-share BSE Sensex was down 40.79 points at 32,435.95 and the 50-share NSE Nifty fell 12.60 points to 10,068.90.

HDFC Bank, Axis Bank, ICICI Bank, Infosys, ONGC, HUL, Kotak Mahindra Bank, IndusInd Bank, M&M and SBI were under pressure.

IOC gained 1.3 % ahead of earnings later today. HPCL, Sun Pharma, Wipro, TCS, Eicher Motors, Cipla and Aurobindo Pharma were trading higher.

Nifty Bank lost 0.5 %. UCO Bank, Union Bank of India, Canara Bank, Bank of India and Allahabad Bank lost up to 3 %.

HEG, ENIL, Godrej Consumer Products, Colgate, Emami, Voltas and Marico fell up to 3 %.

Bata India was up 3.4 % after earnings. Sical Logistics and TBZ also gained up to 3 %.

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