Nifty below 8300, Sensex falls 200 pts; sugar stocks rally

The Sensex is down 34.76 points at 27796.34 and the Nifty slips 16.80 points at 8338.85.

About 315 shares have advanced, 212 shares declined, and 31 shares are unchanged.

GAIL is down 2 percent while Tata Motors, ONGC, Dr Reddy's Labs and Infosys are major losers in the Sensex. Among the gainers are Sun Pharma, M&M, Bharti Airtel and HDFC.

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