Sensex ends over 150 points lower, Nifty below 9,050; RIL down 3%

Nifty ended below 9,050 level dragged by fall in IT and pharma stocks on strong rupee

Benchmarks indices settled the day lower with the Nifty breaking 9,050 level dragged by fall in IT and pharma stocks on strong rupee. A weak monsoon forecast also affected the sentiment. Skymet Weather predicted that monsoon 2017 would be below normal with error margin of plus and minus 5%.
 
The S&P BSE Sensex settled the day at 29,237, down 184 points, while the broader Nifty50 ended at 9,045, down 62 points.
 
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.

"Skymet’s below-normal forecast for south west monsoons,