Sensex drops 195 points in afternoon trade

Mumbai: The benchmark BSE Sensex dropped 195 points or 0.57 per cent in afternoon trade due to increased selling in bluechips led by Tata Steel , SBI and Larsen & Toubro.Metals, industrials, banks, financials, telecom, realty, FMCG and oil&gas stocks declined.

The BSE Sensex trading down 194.17 points or 0.57 per cent



at 33,816.59 186.29 at 1230 hrs.

The broader Nifty 50 index trading below the key 10,400-level at 10,392.60, down by 59.70 points or 0.57 per cent.

Major losers were Tata Steel 5.00 per cent, SBIN 3.39 per cent, L&T 2.74 per cent, Indusindbk 1.98 per cent and Adani Ports 1.87 per cent.