BSE Midcap Index fell 153.75 points or 2.94 per cent, to 5,076.34 and the Smallcap Index declined 2.51 per cent or 147.82 points, to 5,740.04.
The top losers were, Suzlon Energy, Idea Cellular, DLF, Tata Motors, Unitech, Jaiprakash Associates, Sterlite Industries and Reliance Infrastructure.
HDIL, Lanco Infratech, Bajaj Hindusthan, Unitech, Sobha, HCC and Shree Renuka Sugars plummeted 2.5 to 12 per cent.
Among the sectors, the BSE Realty Index underperformed other indices, fell 7.4 per cent. Metal, Power, Capital Goods, Bank, Oil & Gas, Healthcare and Auto indices tumbled 2 to 3.4 per cent.
The total traded turnover was at Rs 78,432.23 crore.
Mkts choppy; Tata Motors, DLF, ICICI dip
At 12:34, the Sensex was down 146.81 points or 0.99 per cent at 14638.93, and the Nifty was down 47.10 points or 1.07 per cent at 4343.85. The BSE midcap and smallcap indices were down 1.23 per cent and 0.72 per cent respectively.
The markets were choppy and still carried a negative bias. Selling was seen in realty, auto, power, bank and oil & gas stocks.
Losers on the Sensex were Tata Motors at Rs 294.60 down 6.13 per cent, Sterlite Ind at Rs 617 down 4.59 per cent, Jaiprakash Asso at Rs 210.95 down 4.55 per cent, DLF at Rs 324.40 down 4.02 per cent and ICICI Bank at Rs 725.70 down 3.07 per cent.
Among the midcaps, the losers were HDIL, Bajaj Hind, IVRCL Infras, IBN18 Broadcast and Indiabulls Real which plummeted 7 to 8 per cent. And in the Smallcap arena falling 7 to 8 per cent Asahi India, Bajaj Hind, Geefcee Fin, Himadri Chem and NESCO proved to be the losers.
Mkts volatile; buying in TCS, L&T, Wipro
The markets are trading lower amid volatility. At 11:38 am, the Sensex fell 73 points, to 14,713 and the Nifty declined 29 points, to 4,361. Among the broader indices, the BSE Midcap fell 0.9 per cent and the Smallcap Index lost 0.3 per cent.
The markets were facing a negative bias. And Realty, telecom, auto, select power and metal stocks along with Reliance Industries, ICICI Bank, Infosys, BHEL, HDFC Bank and ITC were putting pressure on the benchmark indices.
The losses were however, capped by buying in TCS, L&T, HUL, Sun Pharma, Cairn, Tata Steel, Tata Power, ONGC, Wipro, Grasim and BPCL.
United Spirits, HDIL, Suzlon Energy, Tata Steel, DLF and Unitech were the one most active in trades.
Mkts open green; Reliance Power, Tata Steel gain
The markets opened in the green after managing to end the previous session positive in spite of struggling will selling pressure. At 9:56 am, the Sensex went up by 106 points, to 14,891 and the Nifty rose 29 points at 4,419. The CNX Midcap 100 surged 53 points, to 5,624.
The gainers among the frontliners were, Sterlite, Reliance Power, Unitech, Suzlon, Idea Cellular, Cairn India, Nalco, Power Grid, Ranbaxy Labs, Tata Power, Tata Steel, Reliance Capital and Ambuja Cements.
BPCL, Cipla, HCL Tech and Wipro were trading lower.
The Asian markets are trading higher.