A report compiled by the Morgan Stanley has estimated that India’s GDP growth may be observed to roll down to 7.2% from 7.7%, a noticeable deviation against government's forecast of 8.2%. Simultaneously, Sensex at the Bombay Stock Exchange was observed 17952.34, 157.55 points or 0.87% down whereas the 30-share index touched intraday low of 17859.50 and high of 17986.47.

During the mid-session, the Bombay Stock Exchange benchmark Sensex has lost over 200 points. Further, at 2:21pm, the 30-share BSE index Sensex was observed to experience a down fall, 203.97 points or 1.13% at 17,905.92 whereas the 50-share NSE index Nifty was down 61.8 points or 1.13% at 5,394.75.

SBI, Bharti Airtel, L&T, ICICI Bank and Tata Steel have credited to secure a place among the volume toppers whereas L&T, ICICI Bank, Bharti Airtel, Infosys, TCS, Tata Motors and RIL were major sensex losers.

“For the Sensex strong support exits at 18060 levels and trading below this point in the near could make the index more weak and could drift further up to next support of 17900 - 17750 levels while resistance seen at 18400. Avoid buying if Sensex breaks below 18000 levels”, added the Nirmal Bang report.

Meanwhile, Bharti Airtel has reported net profit of Rs 1432.30 crore for quarter ended June 2011.