Profit-booking drags Sensex, Nifty below key support levels at midday; Sensex drops over 700 points to 82,963

Markets slipped sharply into the red by midday on Thursday, reversing early optimism as broad-based selling pressure pulled both benchmark indices below critical technical support zones. The BSE Sensex was trading at 82,963.08 as of 12.55 PM, down 771.17 points or 0.92 per cent from its previous close of 83,734.25, having opened the session at 83,969.82. The NSE Nifty 50 mirrored the weakness, shedding 218.30 points or 0.85 per cent to trade at 25,601.05, after opening at 25,873.35, against its previous clo ...