Sensex Down 580 Points Ahead Of Inflation Figures

12/05/2015 3:04 PM IST | Updated 15/07/2016 8:25 AM IST
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A stock dealer watches share prices on his screen at a brokerage house in Mumbai on January 6, 2015. The BSE 30 share benchmark index - SENSEX plunged over 600 points in trade in cue with the sink in Asian markets, which were trading lower as investors are starting to worry that the prolonged slump is signaling a weaker global economy. AFP PHOTO / INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

MUMBAI — The benchmark Bombay Stock Exchange Sensex in mid-session Tuesday slipped below the 27,000-mark by losing over 580 points on profit-booking ahead of the release of IIP and inflation data.

The NSE Nifty also succumbed to all-round selling and cracked the 8,200-mark by falling 187.65 points or 2.25 per cent to 8,137.60.

Besides, fresh weakness in the rupee which depreciated by 41 paise to Rs 64.26 (intra-session) against the dollar and a weak trend in global markets too dampened trading sentiments, brokers said.

After two days of the rally, Sensex slumped 442 points in late-morning deals following weakness in global stocks amid profit-booking by wary operators ahead of the IIP and CPI data to be released later in the day.

The index dipped below the crucial 27,000-mark by plunging 579.48 points or 2.10 per cent to 26,927.82 in mid-session.

The gauge had gained 908.19 points in the previous two sessions on the back of government's move to assuage overseas investors' taxation concerns and hopes of RBI rate cut.

Major losers that dragged down the key indices were Vedanta (5.05 pc), Tata Steel (4.95 pc), BHEL (4.18 pc), ICICI Bank (3.77 pc), Hindalco (3.45 pc), Tata Motors (2.95 pc), L&T (2.71 pc), NTPC (2.71 pc), RIL (2.71 pc), ONGC (2.71 pc), Bajaj Auto (1.99 pc) and Infosys (1.96 pc).

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