The Nifty slipping below 8500. The 50-share index is down 69.65 points or 0.8 percent at 8448.90. The Sensex is down 280.73 points or 1 percent at 27786.58. About 683 shares have advanced, 1072 shares declined, and 95 shares are unchanged.
SBI, Coal India and Tata Steel are top gainers in the Sensex while Cipla, Vedanta, Hindalco, ONGC and Tata Motors are among losers.
Oil prices resumed their decline in Asia as a global glut of crude supplies showed no signs of abating in the face of sluggish demand
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