Sensex slumps for sixth straight session, closes 509 points down

Mumbai, Sep 28: The Sensex and Nifty indexes in India fell for the sixth straight session on Wednesday, pulled down by severe selling pressure in index heavyweights Reliance Industries, ITC, and HDFC Bank.

The 30-stock S&P BSE Sensex fell 509.24 points, or 0.89 percent, to 56,598.28 points, down from 57,107.52 points the previous day.

Trading in Indian shares was choppy due to weakening in Asian counterparts. The Sensex began the day with a sharp drop at 56,710.13 points and fell to a low of 56,485.67 points intraday. Around lunchtime, the markets had some decent buying support. The Sensex temporarily went positive, reaching an intra-day high of 57,213.33 points.

The benchmark indexes have fallen for the sixth day in a row. On Tuesday, the Sensex fell 37.70 points, or 0.07 percent.