Benchmark indices remained under pressure in morning with the Sensex falling 167.21 points to 38,553.36 and the Nifty50 declining 55.60 points to 11,503.
The broader markets were mixed in trade with the Nifty Midcap falling 0.16 percent while Smallcap index gaining 0.07 percent.
Benchmark indices came off their early lows. The Sensex was down 70.99 points at 38,649.58 and the Nifty fell 23.30 points to 11,535.30.
The market breadth was balanced as about 671 shares declined against 664 advancing shares on the BSE.
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