Selling pressure continues in the market with a mayhem led by banks, capital goods, pharma and metals. Both the benchmark indices are down 21 percent from record highs. The Sensex is down 193.01 points or 0.8 percent at 23827.97.
Nifty on the other hand is down 59 points or 0.8 percent at 7239.20.
Tata Motors, Adani Ports, Dr Reddy's Labs, ICICI Bank and Axis Bank are major laggards in the Sensex. Infosys, HUL and TCS are gainers in the Sensex.
Asian equity markets remained wobbly after being hit hard early in the week by worries about the health of the euro zone banking sector, with very accommodative monetary policy seen crimping bank profits and their ability to repay debt.
