The Bombay Stock Exchange Sensex on Wednesday fell more than 300 points, dropping below the 28,000-mark. Nifty saw a significant drop, too, of more than 100 points. Trading in the sectors of consumer durables, oil and gas, energy, healthcare, finance, realty and banking was behind the negative market trend, Mint reported.

However, the rupee hit a two-month high of 66.67 per dollar, opening 17 paise up from its previous closing value. The home currency last reached this value on June 9.

On Wednesday, stocks of Tata Chemicals Ltd rose 7% to Rs 495.75 after it announced the sale of its urea business to Yara Fertiliser in a Rs 2,670-crore deal. Shares of Adani Ports climbed nearly 9% to trade at Rs 260.85. The port developer recorded a 30.8% increase in Q1 profit – from Rs 638.93 crore last year to Rs.835.71 crore.