The Sensex is down
287.36 points or 1 percent at 27805.43 and the Nifty is down 98.75 points or 1
percent at 8386.15. About 170 shares have advanced, 532 shares declined, and 64
shares are unchanged.
Metal stocks are reeling under pressure with losers like
Tata Steel and Hindalco. SBI, ICICI Bank and Axis Bank are other laggards in
the Sensex. Kotak Mahindra is up over 1 percent.
The Indian rupee slipped in
the early trade. It has opened lower by 18 paise at 63.62 per dollar against
Friday's closing value of 63.44 a dollar.
Brent crude slipped to
sub 60 dollars per barrel while Nymex crude was also over 3.5 percent lower
Gold rose above 1170 dollars an ounce.
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