The 30-share Sensex tumbled
490.52 points or 1.71 percent to close at 28227.39 after hitting a low of
28183.32 during the day. The 50-share Nifty closed at 8526.35, down 134.70
points or 1.56 percent, continuing downtrend for the seventh consecutive session.Intraday
recovery witnessed in afternoon proved short level. Taking cues from weakness
in European stocks, key equity benchmark indices weakened once again in
mid-afternoon trade.
The barometer index, the S&P BSE Sensex, was currently
off 351.63 points or 1.22% at 28,366.28. The weakness on the bourses was broad
based. The market breadth indicating the
overall health of the market was quite weak, with more than two losers for
every gainer on BSE.The CNX Nifty was off 94 points or 1.09% at 8,567.05. The
index hit a low of 8,547.30 in intraday trade, its lowest level since 19 January
2015. The index hit a high of 8,605.55 in intraday trade.
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