Mumbai: Continuing its slide, the benchmark BSE Sensex in mid-session tanked over 500 points and the NSE Nifty cracked the 8,400-mark after Chinese shares extended rout and fears of Greek eurozone exit hit trading sentiment.
Reflecting steep fall in blue-chips, the 30-share index which dipped below the crucial 28,000-mark in early trade, continued to slide and tumbled by 504.63 points or 1.79 % to 27,667.06 during mid-session, with all the sectoral indices led by metal and auto, falling up to 4.14 %.
The NSE Nifty also succumbed to all-round selling and cracked the 8,400-mark by falling 162.65 points or 1.91 % to 8,348.15.
Besides, fresh weakness in the rupee which depreciated by 17 paise to Rs 63.63 (intra-session) against the dollar too dampened trading sentiments, brokers said.
Sentiment was badly hit following a rout in other Asian markets with a near 7 % crash in Shanghai despite additional measures announced by the government to shore up to the tumbling market, they added.
Japan’s Nikkei tumbled 3.14 %, Hong Kong’s Hang Seng plunged 5.97 % and Shanghai Composite index was down almost 6 % after falling over 8 % in early trade.
Major losers that dragged down the key indices were Vedanta (8.83 %), Hindalco (6.20 %), Tata Steel (3.90 %), BHEL (3.32 %), HDFC (2.46 %), GAIL (2.20 %), Infosys (2.11 %), Coal India (2.05 %), SBI (1.98 %), M&M (1.90 %), ITC (1.85 %), Cipla (1.69 %), Bharti Airtel (1.68 %) and ICICI Bank (1.62 %).