The market is still dragging. The Sensex is down 222.81 points or 0.8 percent at 27643.28 and the Nifty is down 74.80 points or 0.9 percent at 8387.55. About 479 shares have advanced, 1416 shares declined, and 106 shares are unchanged. Hindalco, Coal India, Tata Motors, Vedanta and Bharti Airtel are major laggards while Sun Pharma, Infosys, TCS, Tata Steel and Wirp are top gainers.
The rupee fell sharply in early trade on China's yuan devaluation. The currency has opened at 64.55 a dollar, the lowest level since September 2013, down 36 paise compared to 64.19 per dollar in previous session.
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