The Sensex is down 256.65 points or 0.9 percent at 27915.04, and the Nifty slips 71.60 points or 0.8 percent at 8439.20. About 173 shares have advanced, 491 shares declined, and 67 shares are unchanged. Vedanta, Tata Motors, Axis Bank, Hindalco and Lupin are major losers in the Sensex.
Nikkei has fallen most in five years while base metals prices have crashed. Gold fell to a near four-month low overnight while silver sank nearly 7 percent and platinum dropped to a 2009 low, as the dollar rallied. Copper prices hit their lowest level in six years overnight on the dollar gains and on concerns over demand from China. Global cues to watch out today are the Euro zone meeting, FOMC minutes and US earnings season.
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