The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) took a hard knock during noon trade, declining 208 points as bearish reaction prevailed after European markets fell on continuing euro zone woes.
The Sensex, which opened at 16,760.6, was trading 208.39 points down at 16,572.68 from its previous close at 16,781.07 points.
Earlier, it had risen to 16,895.73 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty stood at 4,972.1 points, down 1.23% from its previous close.
The BSE midcap index was ruling 0.76% down and the BSE smallcap index 0.67% lower.
European bourses extended their losses as investors resorted to selling due to uncertain economic conditions prevailing in the region over the debt woes.
UK’s FTSE 100 fell 1.17 percent at 5,009.71 points, while the German DAX was ruling 1.7 percent lower at 5,804.43 points.
The French CAC 40 was down 1.07 percent at 3,377.13 points.
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