The market continues to trade on a gloomy note mainly dragged down by metal shares after Chinese shares tumbled.
In Asia, the Shanghai Composite index has slumped 5.4 per cent at 2,856. The Hang Seng index has dropped 2.4 per cent at 27,839 as of 1434 hrs.
The BSE Sensex has slipped below 28k to hit a low of 27,826. The BSE index is currently down over 316 points at 27,808.
Following which, the NSE Nifty has also tumbled below 8,400-mark to touch a low of 8,348. As of 1420 hrs, the NSE Nifty has dropped almost points at 8,341.
The broader markets have outperformed the CNX Nifty, the Mid-cap, Small-cap and Nifty Junior have slipped over 1.5 per cent each at 12,340, 5,185 and 18,319, respectively.
Among sectoral indices, the CNX Metal index is the top loser - down over 2.5 per cent at 2,691 owing to significant fall in Chinese shares.
The Auto, Realty and FMCG have also tumbled over a per cent each.
All Metal shares are trading in negative zone.
Sesa Sterlite has tanked almost 5 per cent to Rs. 221, and is the loser. Jindal Saw, National Aluminium and Hindalco have cracked over 3.5 per cent each at Rs. 104, Rs. 54.80 and Rs 153, respectively.
The Orissa Minerals, SAIL and Jindal Steel have plunged over 3 per cent each at Rs. 3,063, Rs. 79.60 and Rs. 144, respectively.
Gujarat Mineral has slipped 3 per cent at Rs. 132. Tata Steel has dropped around 3 per cent at Rs. 439. Hindustan Copper has shed over 1.5 per cent at Rs. 97.15.
Bhushan Steel, JSW Steel, MOIL and Coal India are the other significant losers.
In Asia, the Shanghai Composite index has slumped 5.4 per cent at 2,856. The Hang Seng index has dropped 2.4 per cent at 27,839 as of 1434 hrs.
The BSE Sensex has slipped below 28k to hit a low of 27,826. The BSE index is currently down over 316 points at 27,808.
Following which, the NSE Nifty has also tumbled below 8,400-mark to touch a low of 8,348. As of 1420 hrs, the NSE Nifty has dropped almost points at 8,341.
The broader markets have outperformed the CNX Nifty, the Mid-cap, Small-cap and Nifty Junior have slipped over 1.5 per cent each at 12,340, 5,185 and 18,319, respectively.
Among sectoral indices, the CNX Metal index is the top loser - down over 2.5 per cent at 2,691 owing to significant fall in Chinese shares.
The Auto, Realty and FMCG have also tumbled over a per cent each.
All Metal shares are trading in negative zone.
Sesa Sterlite has tanked almost 5 per cent to Rs. 221, and is the loser. Jindal Saw, National Aluminium and Hindalco have cracked over 3.5 per cent each at Rs. 104, Rs. 54.80 and Rs 153, respectively.
The Orissa Minerals, SAIL and Jindal Steel have plunged over 3 per cent each at Rs. 3,063, Rs. 79.60 and Rs. 144, respectively.
Gujarat Mineral has slipped 3 per cent at Rs. 132. Tata Steel has dropped around 3 per cent at Rs. 439. Hindustan Copper has shed over 1.5 per cent at Rs. 97.15.
Bhushan Steel, JSW Steel, MOIL and Coal India are the other significant losers.
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