Nifty Falls Below 8,400, Sensex Down Over 200 Points

The Sensex fell over 200 points in the noon deals on the back of selling pressure visible in most of the sectors.

The 50-share Nifty slipped below its important psychological level of 8,400 led by losses in heavyweight stocks like State Bank of India, Wipro, ONGC, L&T and Infosys.

Earlier in the day, the Indian markets opened higher tracking positive global cues and the Sensex reclaimed 28,000 levels and the Nifty went past 8,500.

From the Nifty-50 basket of stocks, 32 were declining while 17 were advancing. NTPC, Tech Mahindra, M&M, Wipro, State Bank of India, Sun Pharma, Cairn India, Dr reddy's Labs, Tata Motors, Infosys, ITC, HUL, ICICI Bank and Reliance Industries were among the top losers on the Nifty.

Selling pressure was visible in FMCG, IT, banking, auto, capital goods and realty stocks.

The broader markets also came under the selling pressure. The BSE mid-cap and small-cap indices which were up over 1 per cent saw partial correction.

At 1:12 p.m., the Sensex fell 208 points to 27,682 and the Nifty slipped 52 points to 8,377.