Equity benchmarks as well as broader markets continued to reel under pressure with the Nifty struggling below 8550 level, tracking weakness in global peers on uncertainty over US elections.
The 30-share BSE Sensex was down 250.82 points or 0.90 percent at 27625.79 and the 50-share NSE Nifty fell 83 points or 0.96 percent to 8543.25. The BSE Midcap and Smallcap indices declined over 1 percent each on weak market breadth.
About three shares declined for every share rising on the exchange.
ICICI Bank, ITC, Reliance Industries, Tata Motors, SBI and TCS were top contributors to Sensex's fall, down 1-2 percent whereas Mahindra & Mahindra, HUL and NTPC outperformed, rising 1-2 percent.
Most Asian markets dropped more than 1 percent after Wall Street's "fear index" spiked on jitters over the US presidential elections.
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