As many as 30 stocks advanced in the Nifty 50 index while 20 stocks declined. In BSE Sensex, 13 stocks including Coal India, TCS were trading in red while 17 stocks including Yes Bank, Maruti were trading in green at 9.21 a.m.
"The market slid on profit booking despite an initial extension in yesterday's rally as investors remained watchful on global trade and liquidity squeeze by FIIs," said Vinod Nair, Head of Research, Geojit Financial Services.
Toyota Kirloskar Motor sold 10,112 vehicles in April, registering a 22 per cent annual decline from 13,037 units in same month a year ago.
Yes Bank reported Rs 1,506 crore net loss, its first ever loss, on account of a spike in bad loans. This was followed by downgrades from agencies like Macquarie, Edelweiss, HSBC and Citi.
