The benchmark Nifty slipped below the psychological 5,500-mark in opening trade on the back of weak global cues.
The fall across the globe was led by a drop in manufacturing data from the US, Europe and China. There was still some uncertainty and debate over the US debt limit. The Senate vote takes place in the US today.
The 30-share BSE Sensex was trading at 18,204, down 110 points and the 50-share NSE Nifty fell 37 points to 5,479.
JSPL, Hindalco, SAIL, IDFC, PNB, Axis Bank, ICICI Bank, Maruti Suzuki, Tata Motors, Jaiprakash Associates, Reliance Capital, Reliance Power and Infosys were down between 0.5% and 1%.
DLF slipped 2% ahead of quarterly numbers.
However, Ranbaxy Labs, ONGC, BPCL and Bajaj Auto (ahead of sales numbers) were on buyers' radar.
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