Sensex down by 292 pts in late morning trade

July 06, 2015 11:27

The benchmark BSE Sensex cut initial losses but was still down by 292 points following selling pressure in metal, banking, IT, auto, teck, power and FMCG sectors triggered by weak Asian stocks amid Grexit fears.

The barometer index hit a low below the psychological 28,000 mark at onset of trading session.

The market breadth indicating the overall health of the market was also weak.

The Sensex resumed lower at 27,857.20 and hovered in a range of 27,946.68 and 27,774.80 before quoting at 27,800.40 at 1105 hrs a loss of 292.39 points or 1.04 per cent.

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