Sensex, Nifty loses points in afternoon session; Rupee weakens 14 paise against dollar in afternoon deals

The Sensex at the Bombay Stock Exchange lost 557 points, or 0.9 percent, to trade at 62,121, in the afternoon session, at 2 pm. The Nifty at the National Stock Exchange dropped 161 points, or 0.9 percent, to 18,499.

At the forex market, the rupee weakened 14 paise, to 82.60 against the dollar in afternoon deals.