Sensex, Nifty slip 1% extending losses for the second straight session

The 30 share benchmark Sensex ended 368.84 points down at 35656.70 on Monday while Nifty ended 119 points lower at 10661.50 as ICICI Bank and Yes Bank fell nearly 4% while Bajaj Auto, SBI, Bajaj Finance and Sun Pharma declined over 2%.

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Besides the third quarter results which are dampening market sentiment, investors are adopting a wait-and-watch approach to the budget, which will be presented on February 1 in the Parliament. It is likely to be Vote on Account.

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