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Sensex skids further, down 323 points

Mumbai: Selling pressure intensified at Indian equities markets Thursday afternoon, pulling a benchmark index 323 points lower.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,910.27 points, slipped to an intra-day low of 16,517.7 points, down 323.1 points or 1.91 percent compared to its previous close at 16,840.8 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also fell 1.94 percent to 4,957.6 points.

The midcap and smallcap indices on the BSE were ruling in the red. Broader market indices like the BSE 500 were down over 2 percent.

The market breadth at the BSE got skewed further in the favour of bears, with 652 stocks moving down, compared to 2,118 on the decline and 98 remaining unchanged.
IT, telecom, banking and metals stocks were among the primary losers at this time.

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