At 02:58 pm (IST), the BSE Sensex was trading at 17,888, down 103 points or 0.6% over the last close. It had earlier been as low as 17,882
Selling in the Indian market has intensified going into the last half an hour of trade, as investors consider a raft of earnings announcements and weak global markets.
Sentiment is also cautious ahead of a crucial GDP report to be released by the US government later today.
Markets in Asia declined on the back of downbeat economic reports issued by Japan. The MSCI Asia Pacific Index was down 0.5% to 119.19 as of 5:48 p.m. in Tokyo, the biggest drop since July 19.
European bourses are also trading in the red, falling for a third straight day before the US GDP report that may show that growth slowed in the world’s largest economy.
At 02:58 pm (IST), the BSE Sensex was trading at 17,888, down 103 points or 0.6% over the last close. It had earlier been as low as 17,882 and a high of 18,000.
The NSE Nifty on the other hand was down 34 points at 5,374, after touching a low of 5,371 and a high of 5,413.
The BSE Small-Cap index and the BSE Mid-Cap index are trading up by 0.2-0.3%.
Real Estate, IT and Power stocks are among the top losers. FMCG, PSU and Metal stocks are also down. Consumer Durables is the only BSE sectoral index in the green.
