The 30-share BSE Sensex fell 141.97 points or 0.77 percent, to close at 18,327.98 and the 50-share NSE Nifty dropped 36.60 points or 0.66 percent, to settle at 5,494.40.
Rel Capital, Suzlon Energy, ONGC and DLF, who among the top gainers, were at 4.93 percent, 2.00 percent, 1.75 percent and 1.66 percent up respectively.
Tata Steel, Tata Power, Sesa Goa and ICICI Bank, who among the top losers, were at 2.68 percent, 2.50 percent, 2.05 percent and 2.00 percent down respectively.
Nifty slips 46 pts; Sensex 165
At 2:35 pm, the 50-share NSE Nifty slipped 46 points to 5,484 and the 30-share BSE Sensex tanked 165 points to 18,305. The broader indices were marginally in red.
Heavyweights like TCS, Reliance Industries, ICICI Bank, SBI, NTPC and L&T tumbled 1-2 percent.
Tata Steel and Tata Power were down 2.6 percent each. ONGC, ITC and Infosys declined 0.4 percent each.
Markets witness selling pressure; Libya row continues
The Libya uprising still haunting markets as during the noon trading, Indian equity benchmarks were witnessing selling pressure.
At 12:21 pm, the 30-share BSE Sensex was trading at 18,336, down 133 points and the 50-share NSE Nifty slipped 41 points to 5,490. However, the broader indices were flat in trade.
Technology, financial, FMCG, infrastructure and select metal companies' shares were dragging the markets down.
ICICI Bank, SBI, Tata Power, TCS, Hindalco, Kotak Mahindra Bank and HCL Tech, who among the frontliners, were the top losers with 1-2 percent fall.
Wockhardt, Bayer Cropscience, HCC, KS Oils and Uttam Galva, who among midcap space, gained 4-6 percent each.
Gokaldas Export, Symphony, TTK Healthcare, Gulf Oil Corp and Ester Inds, who among the smallcap space, rallied 7-12 percent.
Libya row keeps Nifty below 5500
Citing the continuous tension in Liby and weak global cues, tracking jump in Brent crude to USD 116 a barrel, NSE Nifty began trading below 5500 mark on Thursday, Mar 10.
At 10:02 am, the 50-share NSE Nifty was trading at 5,490, down 40 points and the 30-share BSE Sensex fell 128 points to 18,341.
TCS, BHEL, ONGC, Bharti Airtel, SBI, ICICI Bank, Reliance Industries, ITC, Wipro, Infosys, L&T, NTPC, Sterlite and HDFC Bank, who among the frontliners, were witnessing selling pressure.
However, Tata Motors, Cairn, Reliance Capital, HDFC, Reliance Infrastructure, and ACC gained.