Market crashes to 8-month low, Sensex tanks over 450 points

Zee Media Bureau

The overnight pullback rally proved short-lived as the benchmark BSE Sensex after reclaiming the 27,000 mark in early trade fell over 450 points Thursday on profit-booking.

A faltering monsoon making marginal progress after a late onset amid uncertainty about upcoming macro data - IIP for April and CPI for May tomorrow - also weighed.

The Sensex last quoted at 26,428.89, down 411.61 points, or 1.53 percent after moving in range of 26,400.76-27,000.14.

Yesterday, it had jumped 359.25 points, or 1.36 percent.

Similarly, the broader NSE Nifty moved in a range of 8,163.05 and 7,979.30 before trading at 7,986.50, a fall of 137.95 points, or 1.70 percent.