The BSE benchmark Sensex fell by over 300 points in early trade today on continued selling by funds and retail investors on fears of weak industrial production data for July to be released later in the day. Weak trend in the overseas markets on deepening debt crisis in the eurozone, was another dampening factor.
The 30-share index, which had lost 298.57 points in the previous session, fell further by 287.27 points, or 1.70 per cent, to 16,579.70 in the first few minutes of trade IT, banking, metal and auto stocks led the fall. At 1100 hrs, the index was trading lower by 302.62 points at 16,564.35 points, with all sectoral indices, barring FMCG, in the negative zone.
From: http://ping.fm/NhXpf
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