The S&P BSE Sensex traded 250 points down at 52,520 levels and the broader Nifty50 index fell below the 15,800-mark. PowerGrid, down 2 per cent, was the top Sensex lasggard, followed by Reliance Industries, and Maruti Suzuki (both down 1%).
All the Nifty sectoral indices, barring Nifty FMCG, were in the red, with Nifty Metal index, down 1.76 per cent, bleeding the most.
In the broader markets, the S&P BSE MidCap index slipped 0.2 per cent while the SmallCap index ticked up 0.2 per cent.
A total of 32 companies, including RITES, CESC, Welspun Enterprises, Commercial Syn Bags, DIC India, and Kakatiya Cement Sugar are set to release their quarterly earnings today.