Midcaps too are having a rough ride as the index plunges more than 3 percent with the advance decline ratio extremely weak at around 1:10 in favor of the declines. BHEL is down 5 percent while NTPC, Vedanta, L&T and ICICI Bank are major losers in the Sensex. Bharti is still up 2 percent. Globally, Asian and European markets trade mixed. In commodities, Brent Crude prices spike up further to trade above 68 dollars per barrel.
The Nifty dropped 187.95 points or 2.26 percent to 8136.85, dragged by banks, capital goods, oil and technology stocks. The rising oil to a 4-month high on Middle East concerns and Greece issues dampened the investors' sentiment on street. BHEL and NTPC fell more than 4.5 percent followed by L&T, Vedanta, Tata Power, Ambuja Cements, NMDC and BPCL with 3.5-4 percent loss.