Markets continued to trade lower in late-morning trades following weak cues from the global peers as Greece's debt concerns resurfaced. The BSE Sensex is at 16,835, down 99 points and the Nifty is at 5,049, down 35 points.
Earlier in the day, the BSE benchmark index had touched a low of 16,773.
Among the sectoral indices, BSE Capital Goods, Metal and Bankex indices are leading the losses, down nearly a percent each. Larsen & Toubro, Usha Martin, Punj Lloyd, Siemens and ABB, down 1-2% each, are the major losers from the Capital Goods' space.
Sesa Goa, Sterlite Industries, NMDC and Hindustan Zinc, down 2% each, are the major losers among the Metal stocks.
BSE Consumer Durables and Auto indices are the only ones in the positive, among the sectoral indices.
On the Sensex, Tata Motors has moved up 0.74% at Rs 163. Other prominent gainers include Bharti Airtel, Maruti Suzuki, Wipro and M&M. The major losers among the Sensex 30 stocks include L&T, Sterlite Industries, Cipla, ICICI Bank and DLF, down nearly 2% each.
Among individual stocks, Wockhardt is trading 2% higher at Rs 396 on reports that the Competition Commission of India (CCI) has approved the proposed acquisition of the nutrition business of the company by global dairy major Danone.
Munjal Auto is trading higher by 4% at Rs 178 after the company said its board will meet to consider the sub-division of equity shares of the company.
The overall market breadth is positive as 1,266 stocks have advanced against 1,063 declining ones, on the BSE.
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