Equity market indices are bearish, tracking global cues.
BSE Sensex is currently trading at 48,655.04 down 525.27 points or 1.07%.
Nifty50 is currently trading 14,405.90 down 143.50 points or 0.99%. Nifty Bank is trading down 1.17% at 32,905.15 while Mid-cap Index is down by 1.55%.
Tata Steel, ONGC, UPL, GAIL and L&T are the top gainers while Bajaj Finance, Maruti, Eicher Motors, Tata Motors and Ultratech Cement are the top losers.
Nifty IT, Auto, Banking and Financial Services stocks struggle the most while metal stocks trade flat.
Out of 50 stocks traded on the NSE, 7 advanced and 43 declined.
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