Shares in defensive sectors extend falls as investors bet the government's reform measures and Fed's new asset purchase programme will favour cyclicals and high beta stocks.
Cigarette maker ITC traded 5 per cent lower as of 01.52 p.m., after falling 0.5 per cent on Friday.
Colgate Palmolive India declined 2.3 per cent as part of a 3.7 per cent fall in the NSE's fast moving consumer goods sub-index.
Among drug makers, Dr.Reddy's Laboratories fell 3.8 per cent, while Ranbaxy Laboratories was down 3.2 per cent.
Copyright Thomson Reuters 2012
Cigarette maker ITC traded 5 per cent lower as of 01.52 p.m., after falling 0.5 per cent on Friday.
Colgate Palmolive India declined 2.3 per cent as part of a 3.7 per cent fall in the NSE's fast moving consumer goods sub-index.
Among drug makers, Dr.Reddy's Laboratories fell 3.8 per cent, while Ranbaxy Laboratories was down 3.2 per cent.
Copyright Thomson Reuters 2012
