Basic materials stocks were trading in red, with the S&P BSE Basic Materials index decreasing 100.08 points or 3.5% at 2755.47 at 13:53 IST.
Among the components of the S&P BSE Basic Materials index, I G Petrochemicals Ltd (down 9.99%), NMDC Ltd (down 9.63%),Gujarat Alkalies & Chemicals Ltd (down 9.53%),DCW Ltd (down 9.5%),Pennar Industries Ltd (down 9.21%), were the top losers. Among the other losers were Indian Hume Pipe Company Ltd (down 9.16%), Balaji Amines Ltd (down 9.07%), Astron Paper & Board Mill Ltd (down 8.94%), Sarda Energy & Minerals Ltd (down 8.73%), and TGV Sraac Ltd (down 8.51%).
On the other hand, Vedanta Ltd (up 1.98%), turned up.
At 13:53 IST, the S&P BSE Sensex was down 627.32 or 1.59% at 38839.99.
The Nifty 50 index was down 215.35 points or 1.85% at 11432.25.
The S&P BSE Small-Cap index was down 601.55 points or 4.01% at 14389.
The S&P BSE 150 Midcap Index index was down 155.41 points or 3.08% at 4890.42.
On BSE,463 shares were trading in green, 2290 were trading in red and 141 were unchanged.
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