Sensex down 91 points, hits 4-month low

Moneycontrol Bureau

Amid rampant selling, the 50-share Nifty touched its lowest intraday level since November 23, 2012 breaking its 200-day moving average. The Sensex touched its lowest intraday level since November 26, 2012.

The falls are in line with Asia which is affected by a weak euro zone data, a sluggish debt auction in Italy, fears of a potential run on Cyprus's banks. Expectation of current account deficit touching its highest ever figure of 6.4 percent has further dampened mood in domestic market.

At 11.29 hrs IST, the Sensex was down 62 points at 18640, and the Nifty down 17 points at 5624.

Rate-sensitive shares belonging to auto and bank sectors were trading deep in red. Losses at Tata Motors and Hero MotoCorp were above 2.5 percent while that of ICICI Bank and HDFC were above 1 percent each. Other major index losers include Bharti Airtel, Cairn India and DLF — all trading with a cut in the 2-2.5 percent range.