At around 12.41 pm, Nifty 50 was performing at 11,765.35 down 124.05 points or 1.04%. While Sensex was performing at 40,066.07 diving by 456.03 points or 1.13%.
Nifty recorded 10 advances and 40 declines.
On Nifty, Bharti Airtel continued to be the lead gainer by trading at Rs453.30 per piece up 4.60% after Q2 announcement. Airtel was joined by UPL at Rs447.95 per piece up 2.14%, Hero Motocorp at Rs2,964.35 per piece above 1.80%, Maruti Suzuki at Rs7,254.35 per piece higher by 1.34% and Wipro at Rs338.30 per piece up 1.27%.
While HDFC was the top underperformer, trading at Rs1,978.10 per piece on Nifty below 3.10%, followed by IndusInd Bank at Rs597.50 per piece down 2.69%, ICICI Bank at Rs399.05 per piece lower by 2.66%, Kotak Bank at Rs1,546.95 per piece down 2.56% and HCL Tech at Rs828.50 per piece below 2.21%.
Nifty Bank slumped by 1.81% and was trading at 24,321.80 and Nifty Fin Service plunged 1.95% trading at 11,847.10.