Bears kept their grip on the market during the afternoon on Thursday, with benchmark indices trading nearly 1 per cent lower. The market opened on a weak note, tracking a negative trend in the global markets. It slipped further as selling aggravated stocks across the board.

At 1 pm, the BSE Sensex was trading at 59,481.10, down 527.23 points or 0.88 per cent. It recorded an intraday high of 60,177.52 and a low of 59,376.50. The Nifty 50 was trading at 17,730.60, down 168.05 points or 0.94 per cent. It hit an intraday high of 17,945.60 and a low of 17,688.50.

Meanwhile, the volatility index climbed 3.13 per cent to 15.45.

IOC, PowerGrid, Asian Paints, SBI Life and HDFC Bank were the top gainers on the Nifty 50, while Tata Motors, HCL Tech, Tech Mahindra, Eicher Motor and IndusInd Bank were the top losers. 

All in red

On the sectoral front, all indices were in the red.

Auto, Metals, and IT recorded the highest losses. Nifty Auto was down 2.47 per cent, while Nifty IT was down 2.01 per cent. Nifty Metal was down 2.44 per cent. 

Realty and Pharma also recorded higher losses. Nifty Realty was down 1.62 per cent. Nifty Pharma and Nifty Healthcare Index were down 1.29 per cent and 1.44 per cent, respectively. 

Broader markets under pressure

Broader indices were also in the red, with midcaps and smallcap witnessing selling pressure.

The Nifty Midcap 50 was down 1.61 per cent, while the Nifty Smallcap 50 was down 1.87 per cent. The S&P BSE Midcap was down 1.65 per cent, while the S&P BSE Smallcap was down 1.57 per cent.