The 50-share NSE Nifty closed at 6071, down 122 points and the 30-share BSE Sensex tumbled 432 points to 20156.
Bajaj Auto, HDFC, Dr Reddys Labs, Hero Honda, which among the top gainers, were at 0.87 percent, 0.55 percent, 0.38 percent, 0.26 percent up respectively.
DLF, IDFC, Mah and Mah, SBI, which among the top losers, were at 5.56 percent, 5.23 percent, 4.98 percent, 4.70 percent down respectively.
Mkts dip further; RIL, SBI, Infosys lose
As Asian markets fell further, Nifty witnessed huge sell-off for the second consequtive day. By shedding 100 points, index has tested 6100 level while the Sensex tumbled around 350 points.
At 2:05 pm, BSE Sensex was at 20,258.29, down 330.80 points and NSE stood at 6,090.15, down 104.10 points.
The lower-than expected IIP data also weighed on the markets.
Among the losers were Jindal Steel, SAIL, Sterlite Industries, Hindalco and Tata Steel down 2 to 3.5 per cent in the metal space, DLF from realty space lost 3.5 per cent; L&T and BHEL from capital goods segment slipped 1.2 per cent each. Heavyweights like Reliance Industries, SBI and Infosys were down 1.5 to 2 per cent. Bharti Airtel was down 3.7 per cent and ICICI Bank down 2.5 per cent.
Weak IIP data weighs down on benchmarks
With the Sep 2010 IIP data coming at 4.4 per cent as against 8.2 per cent recorded in Sep 2009, the benchmarks slipped into red. Sensex tanked over 100 points, weighed down by weak global cues
At 11:58 am, BSE Sensex was at 20,439.79, down 149.30 and NSE Nifty was at 6,155.30, down 38.95 points.
Among the top losers were Bharti Airtel down 2.82 per cent; DLF down 2.44 per cent; Reliance Communications down 1.79 per cent; Jindal Steel down 1.73 per cent; Hindalco down 1.6 per cent; Reliance Power down 2.25 per cent and IDFC down 1.94 per cent.
Among the gainers were HDFC was trading up 1.67 per cent; Sun Pharma up 1.54 per cent; Bajaj Auto up 1.44 per cent; Cipla up 1.13 per cent; Dr Reddys Labs up 0.99 per cent; Sterlite Industries up 0.78 per cent; Hero Honda up 0.70 per cent and NTPC up 0.60 per cent.
Mkts open lower awaiting industrial output data
Awaiting September 2010 industrial output data due around 11 am, the markets opened lower. Nifty was also hit by weak world equities.
At 9:17 am, BSE Sensex was trading at 20492, down 96 points and NSE Nifty was at 6172, down 21.7 points. The CNX Midcap fell 21 points to 9640.
The frontline losers were DLF, Bharti Airtel, Hindalco, Sesa Goa, Reliance Power, SBI, L&T, ICICI Bank, SAIL, Infosys and Kotak Mahindra Bank.
Sun Pharma, Cipla and Ranbaxy Labs were, however, trading on the positive side as they were on the buyers radar.