Markets extend slide, Rupee weakens further

Markets extended losses in the morning session this Monday on back of selling pressure witnessed in banks and capital goods stocks.

At 10:10AM, the Sensex was lower by 207 points at 19,519 mark and the Nifty slipped by 63 points at 5,769 levels.

Meanhwile, rupee fell by 40 paise to 62.91 against the dollar in early trade today, ahead of the June quarter current account deficit data, amid month-end demand for the American currency from oil importers.

Domestically, the key sectoral losers were banks, power, PSU, capital goods while IT and healthcare indices were on the higher side.

The key notable movers included counters such as Lupin which he pharmaceutical company said that it has received approval from the United States Food and Drug Administration (US FDA) to market a generic version of Warner Chilcott Company LLC's 'Ovcon 35' tablets, an oral contraceptive, in the American market.

ING Vysya Bank has surged over 7% to Rs 548 in early morning deals on BSE on reports that the promoter is planning to sell its entire stake in the private sector bank.

The broader markets traded lower with mid-caps and small-caps dropping 0.4 per cent on the BSE.

The market breadth was negative. Out of 1,118 stocks traded so far, 689 stocks declined while 460 stocks advanced on the BSE.