After an initial bout of recovery, the market slipped away further with sharp losses. The Sensex is down 405.65 points or 1.4 percent at 27766.04, and the Nifty plunged 131.55 points or 1.6 percent at 8379.25. About 728 shares have advanced, 1449 shares declined, and 123 shares are unchanged. HUL and Wipro are in green in the Sensex. Vedanta, Tata Motors and Hindalco are down 5-7 percent while Tata Steel and BHEL are other laggards in the Sensex. Gold prices slipped below Rs 26,000 mark by falling Rs 51 in futures trade on Wednesday after the precious metal plunged to over three-month lows in global market. Analysts said a weak trend in the overseas markets where gold fell traded near the lowest level since March as a China-led equity-market rout across Asia and the crisis in Greece boosted the dollar, reducing appeal of the precious metal, weighed on its prices at futures trade here.

Source: http://www.moneycontrol.com/news/local-markets/sensex-crashes-400-pts-nifty-below-8400-metals-bleed_1851741.html

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