After opening on a weak note, the 30-share index Sensex continued its losing streak on the back of sustained selling action witnessed in realty, metal, banking and power stocks.

However, FMCG segment went up. 

Midcap and Smallcap index dropped 1.43% and 1.10% respectively.

Realty, banks and metals were hammered after the US Congress failed to come out with a decision on the USD 700 billion plan to bail-out its financial sector.

At 2.05 p.m., the 30-share index Sensex stood at 13,271.72, down 275.46 points. It also touched a high of 13,486.20 and a low of 13,185.58. 

In contrast, the broad based Nifty lost 91.50 points at 4,019.05, after hitting a high of 4,110.70 and a low of 3,999.35. 

The overall breadth of the market was sharply negative as it saw 511 advancements as against 1,914 declinations. 

Biggest gainers in the 30-share index included ITC (1.73%), Hindustan Unilever (1.30%), Tata Power Company (0.61%), Jaiprakash Associates (0.32%), and ACC (0.22%). 

Major losers, which dragged the Sensex down were Ranbaxy Laboratories (5.50%), ICICI Bank (3.90%), Tata Motors (3.82%), Hindalco Industries (3.68%), HDFC Bank (3.66%), and Sterlite Industries (India) (3.51%).