Sensex down below 27,000, down 100 points in late morning deals

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%, Lupin 1.44%, Airtel  1.40% and ICICI Bank 0.87%. However, Tata Steel rose by 1.60%, followed by Vedanta 1.32%, BHEL 1.13% and Hindalco 1.13%.

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

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