Sensex drops 195 points, Nifty beneath 10,400

Mumbai, Feb 19 The benchmark BSE Sensex dropped 195 points or 0.57 percent in afternoon exchange because of expanded offering in bluechips drove by Tata Steel , SBI and Larsen and 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 percent.

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

Foreign portfolio investors (FPIs) sold offers worth Rs 1,065.99 crore on net premise, while household institutional speculators (DIIs) purchased values to the tune of Rs 1,127.78 crore last Friday, temporary information appeared.

Overseas, Asian markets were exchanging higher as feeling enhanced bit by bit from a current shakeout that originated from fears of crawling expansion and higher getting costs. Markets in China, Hong Kong and Taiwan stay shut for the holiday.