BSE Sensex falls over 300 points and Nifty tanks 97 points

Indian stock market was seen extended fall in the afternoon trade on Tuesday rattling  the sentiments of stock market investor.  Both BSE Sensex and Nifty were seen red at 2:30pm, due to the weak clues from the Asian markets.

At 2:30 pm, BSE Sensex and Nifty were at 27809 points and 8346 points, both down by around 310 and 97 points respectively.

At BSE Sensex, gainers were  Jetairways, Rasoypr, Sadbhav, SPARC, and Ranbaxy at and losers were  Tv18brdcst, GDL, Indiacem, Network18, and Emamiltd.

The scrips gained on Nifty were Sunpharma, Drreddy, Hdfc, M&M and Hdfcbank, and the losers were SSLT, Tatapower, ONGC, Hindalco, and NTPC.

Sunpharma was the major gainer at Nifty at 2:30pm, gaining 1.65%. The Competition Commission of India (CCI) has cleared the Sun pharma-Ranbaxy merger deal with a condition to divest 7 products to ensure that the deal does not harm competition.

At BSE Sensex , Jetairways gain by 8.58% and traded at price of 437.20 per scrip at 2:30pm, as crude oil prices fell to fresh 5-year lows. However, market breadth was remaining positive, as most of the stocks advanced on BSE.