Mumbai, Jul 20 (IANS): A benchmark index for Indian equities markets Wednesday further slipped into the red as selling pressure gripped most of the market breadth. Losers on the benchmark were led by IT blue-chip Wipro.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,756.31 points, was ruling at 18,522.3 points, down 131.57 points or 0.71 percent compared to its previous close at 18,653.87 points.
It had fallen to 18,473.9 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading lower at 5,566 points, down 0.85 percent.
Broader markets saw moderate gains. The BSE midcap index fell 0.76 percent, while the BSE smallcap index was down 0.23 percent.
Wipro's stock fell about five percent to an intra-day low of Rs.395.40 after the company announced that net profit for the quarter ended June 30 grew only by a modest 1.2 percent.