Sensex slips over 200 points, Nifty tests 8,000; Titan cracks 6%

The S&P BSE Sensex slipped over 200 points tracking muted trends seen in other Asian markets.
 

The Nifty50 slipped below its crucial support level of 8,000 for the first time since October 1, the index has slumped over 300 points in the past 6 sessions.


The broader market mirrored the weakness seen in the benchmarks as the BSE midcap index was down 0.3 per cent while the BSE smallcap index traded lower by 0.25 per cent.


The shares of automakers surged up to 3 per cent in early morning trade after October sales data indicated strong demand appetite among consumers for automobiles.


The shares of Coffee Day Enterprises slumped about 15 per cent after listing on the bourses. The stock was listed at Rs 315, down 4 per cent below its issue price of Rs 328. "It can only be a long-term story, not a short-term story because the valuation comfort is not there,

Sensex: 26441.76, down 215 points; Nifty: 8010.25, down 55 points

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