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Equity benchmarks continued their slide on Thursday, with the Nifty breaching the psychological 8200-mark and the Sensex slipping below 27,000.
The Sensex shed 214.62 points to close at 27011.31 after touching a low of 26897.54 intra-day. The Nifty fell 58.25 points to close at 8181.50, after hitting a low of 8,144.75 intra-day. For the truncated week, the Sensex was down 426.63 points or 1.55 percent and the Nifty by 123.75 points or 1.5 percent.
The market will be closed for trading on Friday because of Labour Day. The Sensex and Nifty have now fallen a little over 10 percent from their record high seen in early March. But opinion is divided on whether this is a good time to start buying shares.
MCG, IT, auto and metal shares were the prominent losers today. Banking shares rallied after a sedate start and were the best performers of the day.
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