Mumbai: The BSE benchmark Sensex tumbled over 200 points in the late morning trade following fresh selling mainly in banking, realty, metal, capital goods and auto sectors, after RBI announced more measures to squeeze liquidity from the banking system to stem rupee's decline.

The market may remain volatile in the immediate future as traders roll over positions in the futures & options (F&O) segment from the July 2013 series to August 2013 series, traders said. The near month July 2013 derivatives contracts will expire.

The 30-share index resumed lower at 20,200.20 and hovered in a range of 20,252.70 and 20,098.64 before quoting at 20,099.02 at 1100hrs, showing a loss of 203.11 points, or 1percent, from its last close.

The NSE 50-share Nifty also dropped by 84.60 points, or 1.30 percent, to 5,993.20 at 1100hrs.

Major losers were Icici bank (4.15percent), Sterlite (3.78 percent), SBI (3.61percent), M&M (2.93 percent), Maruti (2.89 percent), HDFC Bank (2.86percent), Larsen (2.78 percent) and Jindal Steel (2.54 percent).

Asian stocks fell in their early trade after a private survey showed manufacturing weakened further in July in China. Key benchmark indices in China, Hong Kong, Indonesia, Japan, and Taiwan were down by 0.28 percent to 1.27 percent.

Also Read:

Spend On Your Children and Get Tax Benefits

Family budget: Manage your money to lead a blissful life!