Indian equity benchmarks dropped in-line with Asian peers weighed down by weakness in HDFC, Reliance Industries, ICICI Bank and ITC.
The S&P BSE Sensex fell 0.57 percent or 206 points to 35,674 and the NSE Nifty 50 Index dropped 0.66 percent or 71 points to 10,710.
All 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Metal Index’s 1.8 percent fall. Realty, oil & gas, telecom and basic materials indices also fell over a percent each.
Mid- and small-cap stocks were also facing selling pressure as the S&P BSE MidCap Index fell 0.8 percent and the S&P BSE SmallCap Index declined 0.6 percent.