The Sensex is down 252.01 points or 0.9 percent at 27840.78 and the Nifty is down 66.95 points or 0.8 percent at 8417.95. About 1010 shares have advanced, 1087 shares declined, and 125 shares are unchanged.
Dr Reddy's Labs, Cipla, Coal India and Bajaj Auto are top gainers in the Sensex. Vedanta, Tata Motors, Tata Steel, ICICI Bank and Hindalco are major laggards.
Oil marketing companies buck the trend to trade in the green on the back of a sharp dip in Brent crude prices, currently below 60 dollars per barrel. Lower crude prices will aid margins for the OMCs.
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