Indices remain bearish in the late morning trade with Banking and Financial Services struggling the most.
BSE Sensex is trading at 43,325.91 down 267.76 points or 0.61%.
Nifty50 is currently trading at 12,684.25 down 64.90 points or 0.51%. Nifty Bank is trading down 1.34% at 28,459.20 while Mid-cap Index is up by 0.24%.
Shree Cement, Sun Pharma, Cipla, Divis Lab and Hindalco are the top gainers while Coal India, Kotak Bank, ONGC, ICICI Bank and State Bank of India are the top losers.
Nifty Pharma stocks (above 1.5%) continue to be bullish with media stocks proving support by trading 1% higher. Banking and Financial Services remain bearish.
Out of 50 stocks traded on the NSE, 22 advanced and 28 declined.
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