Sensex and Nifty trade lower, Hindalco Stock down 4%

Indian markets trade lower amid weak global cues. Both Sensex and Nifty down over 1%. Nifty trades below 17400. Sensex slips 672 points.

All sectoral indices are trading in red. Nifty Realty, Nifty Media and Nifty Metal lose more than 3%. 

Out of 50 Stocks on Nifty 50, only 7 stocks are in green. Cipla leads the index with 2% gains. Hindalco is the top loser on the index with more than 4% fall. 

Axis Bank, SBI Cards, Deepak Nitrite, HDFC AMC and others to report Q3 Results today.