India's stock benchmarks declined, dragged by losses in information technology, healthcare, energy and metal stocks.
The Sensex was trading 0.3%, or nearly 200 points, down at 60,077.03 as of 12:50 p.m. on Thursday. The Nifty 50 also declined by a similar magnitude to 17,898.30.
Of the Nifty 50 constituents, 19 stocks rose, while 31 fell. Dr. Reddy's Laboratories Ltd., UPL Ltd., Bharat Petroleum Corp, as well as IT stocks were among the top losers.
The decline in IT stocks tracked the slump in technology shares on the Wall Street.
The broader indices outperformed their larger peers. The mid cap and small cap indices gained as much as 0.1%.
Ten of the 19 sectoral indices compiled by BSE Ltd. advanced, with realty rising 1.2%. Energy, oil and gas, information technology and healthcare stocks declined.
The market breadth was skewed in favour of the bulls. About 1,782 stocks rose, 1,522 fell and 139 remained unchanged.
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