Sensex plunges over 400 points; Nifty slips below 8,400 level

All the sectoral indices are trading on a negative note. The market breadth is negative in late morning deals. Out of 1,714 stocks have traded on the NSE - 1064 stocks have declined, while 363 stocks have advanced. The India VIX (Volatility) index has rallied 7.6 percent to 17.5550.

The market has extended its earlier losses and is now trading near the day's low on the back of unabated selling across all the sectors.

The BSE Sensex has slumped to a low at 27,757 and is now down 429 points at 27,742.

Similarly, the NSE Nifty has hit a low at 8,374 and is now down 139 points at 8,372.

Among broader market - the CNX Smallcap index has tumbled 1.5 percent at 5,463 and the CNX Midcap index has dropped 1.3 percent at 13,302.

The India VIX (Volatility) index has rallied 7.6 percent to 17.5550.

All the sectoral indices are trading on a negative note. The CNX Metal index is the top loser - down 3.6 percent.

The CNX Auto and the CNX PSU Bank indices have tumbled over 2 percent each. The Bank Nifty and the CNX Realty indices have dropped 1.7 percent each.

The CNX Pharma index has slipped over a percent. The CNX Energy and the CNX IT indices have shed 0.6-0.8 percent.

The market breadth is negative in late morning deals. Out of 1,714 stocks have traded on the NSE - 1064 stocks have declined, while 363 stocks have advanced.