Market Update: Sensex sheds 450 points; Nifty below 8200

The Bombay Stock Exchange's (BSE) Sensex dropped 450 points and was trading at 27,070 at 10.15 am. The National Stock Exchange's Nifty, too, shed nearly 150 points and was trading below 8200 at the given time. 

Sensex had gained 900 points over the past two sessions. 

Earlier this morning, Indian stock markets were in green during the pre-opening trading session but quickly fell thereafter. 

Top losers on the Sensex include Bank of Baroda (-6.3%), HDIL (-4.5%), Jet Airways (-4.2%) and SKS Microfinance (-4.2%), among others. 

Brokers said emergence of profit-booking by participants ahead of key economic data -- industrial production (IIP) numbers for March and inflation based on consumer price index (CPI) for April -- to be unveiled later in the day contributed to the fall.

Besides, a weak trend at other Asian markets, weighed down by uncertainty over the Greek debt deal, too, dampened trading sentiment here, they said.\

(with agencies)