Adani Ports is down 5 percent while Tata Motors, ICICI Bank, SBI and HDFC are major laggards. Among gainers are Infosys, ONGC, Cipla and Hero MotoCorp.
The market continues to extend losses as global markets dragged. Investors are cautious ahead of TCS and Infosys Q2 results. The Sensex is down 485.89 points or 1.7 percent at 27596.45 and the Nifty is down 158.05 points or 1.8 percent at 8550.75. About 702 shares have advanced, 2045 shares declined, and 91 shares are unchanged.
China's exports and imports for September came in well below expectations, dented by weak demand at home and abroad.
Exports in September tumbled 10 percent in dollar terms and imports fell 1.9 percent, with a trade surplus of USD 41.99 billion. In US dollar terms, exports were expected to fall 3.0 percent and imports to rise 1.0 percent on-year, according to a Reuters poll of analysts, which also forecast a trade surplus of USD 53 billion.
In yuan terms, exports fell 5.6 percent on-year and imports rose 2.2 percent. The September trade surplus came in at 278.35 billion yuan (USD 41.40 billion). The trade surplus in yuan terms can be different to the officially reported dollar-denominated figure.
