The Sensex and the Nifty continued to trade down by over 1.2 per cent on bearish global cues.
At 1.11 p.m., the 30-share BSE index Sensex was down 248.18 points (1.28 per cent) at 19,215.64 and the 50-share NSE index Nifty was down 77.05 points (1.32 per cent) at 5,780.50.
Scrips from sectors such as banks realty and metal were the worst-hit on a day when the rupee was also under pressure quoting above the Rs 60 mark to a dollar.
Barring FMCG, all other BSE sectoral indices were trading in the red.
Among them, realty and metal indices were the worst-hit and were down 4.12 per cent and 3.03 per cent, respectively, followed by consumer durables 2.83 per cent and PSU 2.61 per cent. FMCG index was up 0.42 per cent.
Among 30-share Sensex, Sterlite (down 4.36 per cent), Tata Power (-4.32 per cent), SBI (-4.16 per cent), Tata Steel (-3.95 per cent) and Hindalco (-3.27 per cent) were the top five laggards.
On the other hand, ITC (up 0.35 per cent), HUL (+0.31 per cent), Tata Motors (+0.28 per cent) and Cipla (+0.09 per cent) were the only gainers.
The Nifty opened with a gap down of 46 points at 5,812, while the Sensex opened with a gap down of 117 points at 19,347.
European stocks fell as crude oil prices jumped above $100 a barrel for the first time since September and political uncertainty escalated in Egypt and Portugal. Asian shares and US index futures also declined.
Stoxx 50 fell 48.08 points or 1.85 per cent to 2,555.12, FTSE 100 shed 73.72 points or 1.17 per cent to 6,230.22 and DAX declined 124.44 points or 1.57 per cent to 7,786.33.
Crude oil prices were up on growing concerns that the political crisis in Egypt could affect the rest of West Asia and disrupt world crude supplies.
Investors were also worried over the scaling back of massive bond-buying programme by the US Federal Reserve as the US economy started showing signs of recovery.
Market sentiment was dampened as China's services sector sagged to its weakest pace in nine months in June, adding to signs of a slowdown in the world's second-largest economy.
At 1.11 p.m., the 30-share BSE index Sensex was down 248.18 points (1.28 per cent) at 19,215.64 and the 50-share NSE index Nifty was down 77.05 points (1.32 per cent) at 5,780.50.
Scrips from sectors such as banks realty and metal were the worst-hit on a day when the rupee was also under pressure quoting above the Rs 60 mark to a dollar.
Barring FMCG, all other BSE sectoral indices were trading in the red.
Among them, realty and metal indices were the worst-hit and were down 4.12 per cent and 3.03 per cent, respectively, followed by consumer durables 2.83 per cent and PSU 2.61 per cent. FMCG index was up 0.42 per cent.Among 30-share Sensex, Sterlite (down 4.36 per cent), Tata Power (-4.32 per cent), SBI (-4.16 per cent), Tata Steel (-3.95 per cent) and Hindalco (-3.27 per cent) were the top five laggards.
On the other hand, ITC (up 0.35 per cent), HUL (+0.31 per cent), Tata Motors (+0.28 per cent) and Cipla (+0.09 per cent) were the only gainers.
The Nifty opened with a gap down of 46 points at 5,812, while the Sensex opened with a gap down of 117 points at 19,347.
European stocks fell as crude oil prices jumped above $100 a barrel for the first time since September and political uncertainty escalated in Egypt and Portugal. Asian shares and US index futures also declined.
Stoxx 50 fell 48.08 points or 1.85 per cent to 2,555.12, FTSE 100 shed 73.72 points or 1.17 per cent to 6,230.22 and DAX declined 124.44 points or 1.57 per cent to 7,786.33.
Crude oil prices were up on growing concerns that the political crisis in Egypt could affect the rest of West Asia and disrupt world crude supplies.
Investors were also worried over the scaling back of massive bond-buying programme by the US Federal Reserve as the US economy started showing signs of recovery.
Market sentiment was dampened as China's services sector sagged to its weakest pace in nine months in June, adding to signs of a slowdown in the world's second-largest economy.
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