The market is still under immense pressure. The Sensex is down 458.06 points or 1.7 percent at 26982.08 and the Nifty is down 150.55 points or 1.8 percent at 8174.25. About 408 shares have advanced, 1372 shares declined, and 111 shares are unchanged.
Banks, pharma and oil stocks are falling sharply. Bharti is up 3 percent while Axis Bank, Cipla, Vedanta, BHEL and NTPC are among laggards in the Sensex.Asian stocks stumbled on Wednesday in sympathy with weak US and European markets as equities investors were spooked by a vicious sell off in sovereign bonds globally.
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