Shares of Voltas slipped nearly 9 percent on the back poor March quarter numbers.
The company has reported a 3 percent fall in its consolidated net profit at Rs 194 crore for the fourth quarter ended March 2018 against Rs 200 crore in the same quarter last fiscal.
The company has recommended dividend of Rs 4 per share on face value of Re 1 per share (400 percent) for the year 2017-18.The market extended opening losses, continuing correction for the fourth consecutive session amid higher crude oil prices, weak rupee.
The Sensex has broken 35,000 levels, down more than 181 points at 34,968.12 and the Nifty declined 47.20 points to 10,635.50 while the Nifty Midcap was down half a percent.
HDFC Bank, ITC, Reliance Industries, ICICI Bank, L&T and Infosys are pushing the market lower while Bajaj Auto gained 2 percent ahead of March quarter earnings due later in the day.
Read more--Stocks update
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