Sensex Cracks 400 Pts, Nifty Breaks 8200, Banks Drag

The Sensex is down 403.97 points or 1.5 percent at 27036.17, and the Nifty is down 124.65 points or 1.5 percent at 8200.15. About 497 shares have advanced, 1105 shares declined, and 112 shares are unchanged. Bank Nifty leads the fall. 9:40 am Market check : The market is spiralling down as the Sensex is down 214.85 points or 0.8 percent at 27225.29, and the Nifty is down 70.45 points or 0.8 percent at 8254.35. 

About 635 shares have advanced, 877 shares declined, and 101 shares are unchanged. Cipla, BHEL, NTPC, Sun Pharma and ICICI Bank are major laggards in the Sensex. Bharti Airtel is up 3 percent while Hindalco, Tata Steel and M&M are top gainers.

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