Markets have shed in the trades, leaving the indices to witness a cut of over 1%. Weak trades have been seen on all the global markets, pushing the trading sentiment low back home.
The BSE Sensex is at 17,362, down 124 points and the Nifty at 5,254, down by 68 points.
All the sectoral indices are in the red. BSE Capital Goods, Metal and Oil & Gas indices are leading the losses, down 1% each.
BHEL, Punj Lloyd, Larsen & Toubro and Alstom Projects India, down 2% each, are the top losers from the Capital Goods space.
Hindalco Industries, Tata Steel, Sesa Goa and Sterlite Industries, down 2-3% each, are the notable losers from among the Metal stocks.
BHEL, Hindalco Industries, Larsen & Toubro, Gail (India) and Jindal Steel, down 2% each, are the top Sensex losers.
Tata Power and Hindustan Unilever are among the only gainers from the pack.