Nifty below 7850, Sensex slips over 200 pts: IT index drags

Epic Update Dr Reddy's LabsEpic Update Dr Reddy's Labs

The market is slipping away once again as European market drag lower. The Sensex is down 233.37 points or 0.9 percent at 25539.16, and the Nifty down 63.15 points or 0.8 percent at 7824.65. About 832 shares have advanced, 1459 shares declined, and 157 shares are unchanged.

BHEL, ITC, Dr Reddy’s Labs, SBI and ICICI Bank are major losers in the Sensex while Axis Bank, Maruti, NTPC and Asian Paints are top gainers.

European stocks opened mixed as traders become cautious after Asia markets gave up much of their early gains overnight and oil prices drifted slightly lower.

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