The 50-share Nifty was trading below its psychological level of 8,250 on the back of losses in TCS, ITC, Infosys, L&T and Bharti Airtel.
The Indian benchmark indices have been facing the heat of selling pressure since quite some time now. The Sensex has fallen over 1,800 points in the last nine trading sessions while the Nifty is down 900 points (10 per cent) from its peak in March 2015.
Meanwhile, IT and FMCG stocks were among the worst hit in the morning deals. The BSE IT index fell 0.6 per cent on the back of losses in TCS, HCL Technologies, Wipro and Infosys.
Shares of Bharti Airtel fell over 1 per cent to Rs 391 after the company said that its net profit for the January-March quarter profit rose 30.5 per cent to Rs 1,255 crore, buoyed by a robust customer growth and rise in mobile data revenue.
Intraday Stock Trading Tips:
SELL CERA (LCP-2113.5) BELOW 2110 TG-2090-2065
BUY WOCKHARDT (LCP 1243.55) ABOVE 1248 TG-1258-1268
SELL STAR (LCP-1016) BELOW 1013 TG-1005-997
SELL AUROPHARMA (LCP-1293.35) BELOW 1290 TG-1280-1268
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