Bangalore: The BSE Sensex falls around 300 points, while the broader Nifty is 70 points lower reports Reuters Market Eye. As investors are concerned about China's economic and financial stability, Asian shares slipped to a fresh 9-1/2-month low.

Few stocks which are leading in the losses chart on Sensex are ITC down 3 percent; L&T down 2.8 percent, ONGC loses 3.1 percent. Around 2.26 pm BSE realty index was down nearly by 5 percent.

After Business Standard reported that the U.S. (FDA) Food and Drug Administration had elevated worry about a plant in northern India, referring to unidentified sources, shares of Shares of Ranbaxy Laboratories fall 6.8 percent.

Ahead of the June derivative contracts the Indian shares are likely to remain unpredictable this week. With heavy global ownership traders are also cautiously examining Indian stocks.

For 9 consecutive sessions the foreign investors have sold cash shares summed up to 77.60 billion rupees, as per exchange and regulatory data.

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