Sensex Falls Below 27,000; Down 100 Points

BSE Sensex and Nifty came selling pressure in noon trade on losses in bluechips like Sun Pharma, Coal India and ONGC.

Investors also remained cautious ahead of inflation and industrial output data to be released tomorrow. Lower Asian markets also weighed on sentiment. Asian shares edged down today after US President Barack Obama vowed to fight Islamic State militants.

However, broader markets in India remained higher with BSE midcap and smallcap indices rising over 0.5 per cent.

Shares in state-run companies ONGC, Coal India and NHPC, where the government has approved share sale, fell today. Coal India fell 3.5 per cent while ONGC lost 2 per cent. NHPC shares slumped nearly 4 per cent.

Sun Pharma shares fell 4.25 per cent on reports of a surprise inspection at the drugmaker's Halol facility in Gujarat. The Food and Drug Administration reportedly inspected the Halol plant, which supplies drug to the US market.

Sensex was down 95 points to 26,962 while Nifty fell 20 points to 8,074.