MUMBAI: The benchmark BSE Sensex dropped 98 points in the late morning trade due to fresh selling, mainly at metal, power, refinery, banking, healthcare and FMCG counters following overnight losses in the US market.

The Sensex resumed higher at 27,885.36 and firmed up further to 27,911.44 on initial buying on the back of good foreign capital inflows.

However, it declined immediately to 27,721.11 before quoting at 27,739.66 at 1045 hours, a loss of 97.55 points, or 0.35 per cent, from its last close.

Source : http://timesofindia.indiatimes.com/business/india-business/Sensex-fails-to-maintain-momentum-slumps-98-points/articleshow/47366466.cms