Markets have slipped into red zone led by banking and capital goods shares after making a higher opening. At 10:45, the Sensex was down 81 points at 18,348 and the Nifty declined 31 points at 5,577 levels.
SBI is the top Sensex loser, down 3%. ICICI Bank has also dropped by nearly 3%. From the capital goods space, L&T has plunged by almost 2%.
Metal stocks like Sterlite, Tata Steel and Jindal Steel have declined by almost 1% each.
The broader markets have also lost ground and are trading flat with negative bias. The overall market breadth remains flat as 1,176 stocks are advancing while 1,167 are declining.
