MARKET LIVE: Sensex down 100 pts, Nifty below 12,100; banks, metals drag

Benchmark indices were trading lower on Thursday ahead of the expiry of January series derivative contracts.

The S&P BSE Sensex dipped 145 points, or 0.35 per cent, to 41,050 levels. Reliance Industries, Tata Steel, and IndusInd Bank (all down 1%) were the top laggards in the Sensex pack. On the other hand, NTPC gained 1 per cent.

The broader Nifty50 index dipped 50 points, or 0.4 per cent, to Rs 12,080 levels.

All the Nifty sectoral indices, except Nifty Realty index, were trading in the red. Nifty Metal index, down 0.8 per cent, bled the most, while Nifty Pharma and Nifty Bank indexes, both down 0.5 per cent, also slipped.

In the broader market, the S&P BSE MidCap index was trading 15 points lower while the S&P BSE SmallCap index was down 23 points.