Markets continued to trade with a negative bias in the past one hour of trade, the Sensex was lower by 234 points at 18,093 and the S&P CNX Nifty was at 5433 down 72 points.
Tata Motors was the top loser on the Sensex the stock was trading at Rs 1099 lower by 4.2%. Jindal Steel, Wipro, ITC, Larsen & Toubro, Infosys, ICICI Bank and BHEL were also trading lower by 1.6-3.5% each. On the other hand HDFC, Hindalco Industries, Sterlite Industries, ONGC and DLF were among the notable gainers.
All the sectoral indices were trading in the red with FMCG index continued to remain the top loser, the index was lower by 2.3% or 77 points at 3288. Auto, IT, Capital Goods and Teck indices were lower by 1.6-1.8% each. Oil & gas, realty, power, healthcare and banking stocks also reeled under the selling pressure.
ITC was the top loser among the FMCG stocks, the stock was trading at Rs 157 lower by 3.5%. Marico, Nestle, Godrej Consumer Products, Colgate Palmolive, Dabur and United Breweries were also trading lower by 1.7-3.4% each.
On the auto index, Tata Motors led the losers chart followed by Exide Industries, Amtek Auto, Cummins India, Ashok Leyland, Bharat Forge, Mahindra & Mahindra and Hero Honda.
Wipro was the top loser among the IT stocks followed by Oracle Financial Services Software, HCL Technologies, Infosys, Mphasis and TCS down 3.5-1.5% each.
The broader markets also witnessed the mild selling pressure as the BSE mid-cap index was lower by 45 points or 0.6% at 6822 and the small-cap index was lower by 29 points at 8448.
The overall market breadth remained negative, out of 2714 stocks traded on the BSE 1,424 stocks declined, while 1,177 advanced.