The Nifty Bank index is also under pressure but is faring better than the other two benchmarks, trading with a deficit of over 150 points.
Another earnings-heavy day awaits us, as many react to results today, while ITC, IEX, Dixon Tech, Adani Power and CONCOR are only a few among the at least 50 companies reporting their results through the course of the day.
Also watch for gold- and Silver-linked names as the rally continues in the precious metals. Brent Crude is near $69, and rising oil prices can also be a factor.
Watch this space for all the LIVE updates.
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