Reason being heavy selling of funds by retail investors despite a firm trend in the global markets. Capital goods, metal, realty and auto stocks tumbled most among other sectoral indices.

Market opened in green and took negative terrain due to worries over European front, as the decision of boosting the IMF resources by 150 billion euros to resolve the debt crisis and also supported for more money from EU allies, was unclear after Britain bowed out.

The 30-share BSE Sensex was trading at 15,175.08 down by 204.26 points or 1.33% and NSE Nifty was trading at 4544.20down by 68.90 points or 1.49%.

On the Bombay Stock Exchange (BSE), the sectors were in negative terrain except FMCG

While on the losing side, the sectors failed to lure investors were Capital Goods, Realty, Bankex, Auto and Metal.

On the National Stock Exchange (NSE), the top volume gainers were RANBAXY, ONGC, HDFCBANK, ITC, and SAIL posted gains between 0.91% - 3.24%.

And the top losers in the opening trade were JP Associates, Heromotoco, Tata Steel, L&T and Tata Power.