Sensex, Nifty fall 1 per cent; metals, capital goods, banks drag

Mumbai: The market extended its southward journey for the second trading session of the October month with the Sensex falling 296.02 points or 1.11 per cent to 26271.97 on Tuesday.

The Nifty closed way below the 7900, down 93.15 points or 1.17 per cent to 7852.40. About 1120 shares advanced while 1762 shares declined on the BSE. Hindalco Industries, Sesa Sterlite, Cipla, Dr Reddy's Labs, HDFC, DLF, Jindal Steel and Cairn India were top losers, falling 3-6 per cent.

While NTPC, Gail India and Power Grid bucked the trend, up 1-1.5 per cent followed by Tata Motors, Wipro and Tata Power with marginal gains.