The S&P BSE Sensex was trading at 50,700 levels, down 150 points. The index had earlier fallen to as low as 50,311. The broader Nifty50 index was trading below the 15,050-mark. IndusInd Bank and ICICI Bank fell 2 per cent each and were the top Sensex laggards.
The Nifty sectoral indices were trading largely in the red, with Nifty Bank index, down 1.4 per cent, bleeding the most.