BSE Sensex is trading at 50,104.52 down 785.24 points or 1.54%.
Nifty50 is trading at 14,774.25 down 207.50 points or 1.39%. Nifty Bank is trading down 1.12% at 35,438.40 while Mid-cap Index is down by 1.28%.
Hindalco, JSW Steel, ONGC, Tata Steel and HDFC Bank are the top gainers while Mahindra & Mahindra, Tech Mahindra, Axis Bank, DR Reddys and Power Grid are the top losers.
Nifty Metal stocks (2.28% higher) drive the trade while Nifty Auto, IT, Media, PSU Bank stocks drag while FMCG, Realty, Banking and Financial Services also struggle.
Out of 50 stocks traded on the NSE, 11 advanced and 39 declined.
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