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The benchmark Sensex shed about 200 points despite quiet global cues at 14:55 hours, dragged down by financial, oil & gas, infrastructure, auto, metal and Anil Dhirubhai Ambani Group companies' shares. Healthcare, telecom and realty stocks too were under pressure.
About six shares declined as against one share gained on National Stock Exchange. Nearly 66 stocks hit new lows today including Aban, ABB, DB Realty, GMR Infra, IDFC etc.
Devesh Kumar, Fortune Financial says that the market should bottom out at around 17,000 levels.
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