Mid-session: Sensex falls by over 500 pts

The 30-share index, which had opened with a gain of over 504 points to reclaim 18K level, falls back by 512.14 points at 17,081.93.

Rising trend short lived as the Bombay Stock Exchange benchmark, Sensex, plunged by 512 points at mid-session on aggressive selling by funds at the existing higher levels.

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The 30-share index, Sensex, which opened with a significant gain of over 504 points to reclaim 18,000 points level, fell back by 512.14 points at 17,081.93 points at 1330 hours.

In a similar fashion, the second wide-based National Stock Exchange index Nifty fell by 207.60 points at 4995.80 as most of the heavy-weight stocks yielded ground.