Sensex cracks 400 pts, Nifty breaks 8200; banks drag

Nifty Futures Tips

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.

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.

The Indian rupee has opened higher at 63.34 a dollar, up 10 paise compared to previous day's closing value of 63.44 per dollar.

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