Globally, stocks turned bearish on skepticism whether European Central Bank's efforts to support banks with funds would be enough to stem nation's debt crisis.
Overall market breadth remained negative among the major stock exchanges of the world.
On the Asian front, all the major bourses were trading under the negative terrain, with China's Shanghai down by 0.44%, Hong Kong's Hang Seng down by 0.54% and Japan's Nikkei down by 0.53%
The 30-share BSE Sensex was trading at 15,569.32 down by 115.89 points or 0.74% and NSE Nifty was trading at 4663.60 down by 29.55 points or 0.63%.
On the Bombay Stock Exchange (BSE), the sectors were in negative terrain except FMCG, Health Care and Power.
While on the losing side, the sectors failed to lure investors were IT, TECk , Metal and Realty.
On the National Stock Exchange (NSE), the top volume gainers were Axisbank, Ranbaxy, Hindustan lever, Ambuja Cement and PNB posted gains between 1.06% - 2.07%.
And the top losers in the opening trade were Rcom, Sesa Goa , Infy, Wipro and IDFC.