Sensex tanks 555 pts, Nifty below 7650, at 13-month low

The Sensex is down 555.04 points or 2.1 percent at 25209.74 and the Nifty slips 175.35 points or 2 percent at 7647.65. About 257 shares have advanced, 1523 shares declined, and 47 shares are unchanged.

Tata Motors is down 5 percent while Tata Steel, Vedanta and ICICI Bank are down 4 percent.

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