The S&P BSE Sensex hovered around the 60,000-mark, and was down around 700 points. The Nifty50 languished below the 17,900 level.
Sectorally, the Nifty PSU Bank index dropped 2.2 per cent, followed by the Nifty IT index (down 1.6 per cent). On the upside, the Nifty Auto added 0.7 per cent.