Sensex slips below 27,000, down 100 points

Brokers said persistent buying by investors amid sustained foreign fund inflows and rally in Chinese stocks which reopened after a week-long break boosted market mood.

Mumbai: In a highly volatile trade, the market benchmark Sensex slipped by nearly 100 points in late morning deals on emergence of selling in FMCG, banking, capital goods and healthcare stocks amid mixed Asian cues.

The 30-share BSE Sensex resumed higher at 27,116.86 and hovered in a range of 27,120.11 and 26,910.19 before quoting 26,938.32 at 1105 hours -- a fall of 97.53 points or 0.36 per cent.

The NSE Nifty was also trading lower by 25.30 points or 0.31 points at 8,152.10.

Major losers were ITC 2.06 per cent, Lupin 1.44 per cent, Airtel 1.40 per cent and ICICI Bank 0.87 per cent.

However, Tata Steel rose by 1.60 per cent, followed by Vedanta 1.32 per cent , BHEL 1.13 per cent and Hindalco 1.13 per cent.

Meanwhile, foreign investors sold shares worth Rs 50.60 crore yesterday as per provisional data.

Overseas, Asian stocks were mixed with Chinese shares surging as they resumed trading after a long break.