The Sensex declined 307.13 points or 1.15 percent at 26330.15, and the Nifty was down 97.05 points or 1.22 pecent at 7863.50. About 417 shares have advanced, 1168 shares declined, and 32 shares are unchanged.
Hindalco, Tata Steel, BHEL, Sesa Sterlite, DLF and Tata Motors declined 2-3 percent while Infosys, BPCL and Dr Reddy's Labs were gainers.
The Indian rupee slipped marginally in early trade, down 10 paise to 61.15 a dollar compared to previous day's closing value.
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