Equity benchmark indices are 1.5% down in the afternoon trade.
BSE Sensex is trading at 39,919.73 down 602.37 or 1.49%.
Nifty50 is currently trading at 11,705.00 down 184.40 or 1.55%. Nifty Bank is trading down 2.68% at 24,105.50 while Mid-cap Index is down by 1.45%.
Bharti Airtel, Hero MotoCorp, UPL, Eicher Motors, and Maruti are the top gainers while IndusInd Bank, ICICI Bank, HDFC, Tech Mahindra and HCL Tech are the top losers.
Banking and Financial Services and Realty stocks (~2%) continue to slump while Nifty Auto also slipped into red zone.
Out of 50 stocks traded on the NSE, 6 advanced and 44 declined.
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