Sensex down over 150 points; Broader markets fall 1%

GAIL, ONGC and RIL were top gainers while Tata Motors, NTPC and Infosys were the top losers

Benchmark indices extended losses even as Asian markets rallied after the US Federal Reserve Chair Janet Yellen hinted at a likely rate hike in the forthcoming policy review.
 
At 1:19 pm, the S&P BSE Sensex was trading at 28,162, down 177 points, while the broader Nifty50 was ruling at 8,729, down 63 points.
 
In the broader market, BSE Midcap and BSE Smallcap lost 1.2% and 1.4%, respectively.
 
"Nifty is well placed above the 8,770 levels indicates strength and has a potential to test 8,840- 8,870 levels in coming trading sessions," said Nirmal Bang research in a technical