Stock Market: Sensex and Nifty falls more than a half percent

The Sensex and the Nifty today fell more than half a percent in the afternoon trade. Domestic stock indices declined amid negative cues from global share markets. The Sensex at Bombay Stock Exchange was trading near 57,500 points while the Nifty at National Stock Exchange was trading near 17,250 level.

The Sensex plunged 379 points, or 0.66 percent to trade at 57,532 while the Nifty was down 124 points, or 0.71 percent, to trade at 17,269.

In the forex market, the rupee also weakened 20 paise against the US dollar. The domestic currency was trading at 76 rupees and 36 paise against dollar when reports last came in.

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