Benchmark indices are continue to trade lower on Tuesday with Nifty is hovering around 10,850 level, while Sensex is down nearly 150 points.
At 10:53 hrs IST, the Sensex is down 147.02 points at 36093.98, while Nifty is down 29.30 points at 10854.50. About 982 shares have advanced, 922 shares declined, and 110 shares are unchanged.
Shares of Shankara Building Products continues its downtrend as share is down 9 percent intraday Tuesday after ending at 10 percent lower circuit on Monday. The share touched a 52-week low of Rs 569.95.
IDFC Securities had downgraded the stock to underperform from neutral and cut target price to Rs 525 from Rs 1,065 per share.