Sensex sees sharp fall of over 150 points, Nifty snaps 9400; midcaps tank

Market Check: Benchmark indices saw a sharp fall from the opening tick, with the Nifty snapping 9400-mark during the first hour of trade.

The Sensex was down 157.72 points at 30413.25, while the Nifty was down 56.80 points at 9381.45. 

The market breadth was absolutely negative as 244 shares advanced against a decline of 1,847 shares, while 57 shares were unchanged.

GAIL and Sun Pharma lost the most, while Maruti Suzuki and Hindustan Unilever have led the list of top gainers.

Midcaps continued their corrective phase as the index fell 2.5 percent, while pharma index cracked over 3.5 percent, coupled with PSU banks and energy stocks’ fall.

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