Sensex, Nifty drop 1%; Vedanta, HDFC, Tata Steel top losers

Equity trading tips: Sensex, Nifty drop 1%; Vedanta, HDFC, Tata Steel top losers

ITC slips 3%; analysts say cigarette volume pressure to remain

CLSA downgrades Tata Steel, wary of margins; stock falls 2%

Sebi mulls system-driven disclosure regime for listed firms

DLF targets Rs 4,000 crore new sales bookings this fiscal

BHEL Q4 profit seen down 57.5% at Rs 783 cr: CNBC

That sinking feeling! The 30-stock Sensex ended the day in red at 27,643.88; down 313.62 points. The broader 50-share Nifty closed the session at 8,370.25; down 88.70 points.

Of the 30 Sensex stocks, 25 ended the day in red. Sectorally, BSE metals index was the top loser; down 1.73%.

ONGC emerged as the top gainer among Sensex stocks, up over 2%. Vedanta was the top loser, down nearly 4%. Canara Bank took a sudden plunge after the bank announced its Q4 results. The stock cracked nearly 5%.

Tech Mahindra slipped nearly 5%, and was the top loser on Nifty. The company will announce its quarterly results tomorrow. Q4 net profit is seen 10% down at Rs 724 crore.

Caution also prevailed ahead of gross domestic product growth data due on Friday. Domestic shares have been on a solid path so far this month, recovering from a volatile April amid continued hopes of an economic recovery.