Barometers traded near the day's low with steep losses in mid-morning trade. PSU banks and media shares bucked a weak market trend.
At 11:26 IST, the barometer index, the S&P BSE Sensex, was down 451.89 points or 0.93% at 48,716.68. The Nifty 50 index declined 128.35 points or 0.86% at 14,722.35.
In broader market, the S&P BSE Mid-Cap index was down 0.58% while the S&P BSE Small-Cap index fell 0.26%.
The market breadth was positive. On the BSE, 1447 shares rose and 1316 shares fell. A total of 166 shares were unchanged.
Indian stock markets will remain closed tomorrow, 13 May 2021 on account of Id-Ul-Fitr (Ramzan Id).
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 159,337,160 with 3,312,920 global deaths.