Benchmark indices opened the day sharply lower on the back of worries that the AAP would win the Delhi elections posting a setback to the Narendra Modi government.
Reality stocks also dropped lower with stocks like Phoenix, DLF and HDIL were trading lower. NMDC was down after the company cut prices of iron ore for the month of Feb.
IPCA Labs saw some selling pressure after the company reported a sharp drop in net profits. ONGC and Sun Pharma were the only gainers from the Sensex stocks.
IT stocks managed to show some resilience in trade with Infosys, TCS and Wipro marginally down. Mid cap stocks also saw some huge selling pressure with stocks like Voltas and Crompton Greaves among the early losers.
Meanwhile, markets across Asia were trading lower over worries a possible Greece exit from the Eurozone.