Nifty slips below 4400; realty, metal, oil & gas down 4-7%

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At 14:55 hours IST, the Nifty cracked further and was inching towards the 4,400 mark. The Sensex was down over 629 points led by downfall across the globe, which was started by Shanghai, which lost 5.8% at close. European markets and US index futures fell nearly 2% each.

The BSE Realty Index was the biggest underperformer, down 7% followed by Metal, which fell 5.6%. Among the others, Auto, Oil & Gas, Bank and FMCG indices fell 3.5-4%. Capital Goods, TECk, Healthcare, IT and Power indices fell 2-3%.

The Nifty tumbled 181 points, to 4,397 and the Sensex plunged 629 points, to 14,783. The broader indices slipped 2.5-3.4%.

Top losers - DLF, Tata Steel, Tata Motors, Hindalco, Sterlite Industries and Unitech were down 5.5-7%.

Negative contributors - Reliance Industries, Infosys, ICICI Bank, L&T, ITC, ONGC and SBI lost 2.5-4.5%.

In the midcap space, Phoenix Mills, Indraprastha Gas, HDIL, United Phosphorous and Lanco Infratech slipped 7-9%.

In the smallcap space, Cambridge Solutions, Allied Digital, Kiri Dyes Chemical, Hatsun Agro and VIP Industries were up 7-20%. However, Oil Country, Elecon Engg, Suraj Stainless, Premier and Mangalore Chem fell 6-8%.

On the next page - see how Indian markets performed in the last couple of hours