Benchmark indices continued to trade in negative territory weighed down by continued foreign fund selling and subdued cues from global markets, which dampened investor sentiment.
Sensex dragged by 444.78 points or 0.52 per cent to 84,768.58 at 1.21 pm, and Nifty 50 fell by 141.45 points or 0.54 per cent to 25,885.85.
Both midcap and smallcap indices declined nearly 0.8 per cent. All sectoral indices except consumer durables and FMCG traded in red. Nifty metal, realty, banking and financial services stocks were the major laggards.
Among the Nifty 50 participants, Bharti Airtel, Titan, Tata Consumer Products, SBI Life and M&M led the gainers, while Axis Bank, Eternal, JSW Steel, HCL Tech and Adani Enterprises were the top losers.
Market breadth remained weak, with 3,083 stocks traded during the session. Declines significantly outpaced advances, as 2,017 stocks ended lower compared with 971 advancing, while 95 stocks remained unchanged.
The number of stocks hitting a 52-week low stood at 76, sharply higher than the 20 stocks that touched a 52-week high. Momentum on the extremes was mixed, with 45 stocks locked in the upper circuit, while 51 stocks were trading in the lower circuit, reflecting continued selling pressure across broader markets.
Under the midcap segment, Supreme Industries, Bharti Hexacom, Astral, Tata Communications and Vishal Mega MArt gained 2-4 per cent, while PB Fintech, Swiggy, BDL, SAIL and Jubiland Foods declined 2-4 per cent.
Smallcap stocks Five Star Business, Natco Pharma, First Cry and IKS gained 1-4 per cent, while Ola Electric, NBCC, Redington, Hindustan Copper and GRSE declined 2-4 per cent.