Mumbai, Jan 6
The Indian stock market turned red in the afternoon trading session on Monday after opening in the green.
Both the benchmark indices fell by more than 1 per cent.
All sectoral indices were trading in the red. Nifty PSU Bank was trading in the red with a decline of more than 3 per cent.
Auto, metal, reality and media sectors were down by more than 2 per cent.
At around 12:00 pm, the Sensex was trading at 77,979.54 after declining 1,243.57 points or 1.57 per cent, while Nifty was trading at 23,607.35 after declining 397.40 points or 1.66 per cent.
On the National Stock Exchange (NSE), 291 stocks were trading in the green, while 2,221 stocks were in the red.
Nifty Bank was down 930.85 points or 1.83 per cent at 50,057.95.
Nifty Midcap 100 index was trading at 56,604.75 after dropping 1,326.30 points or 2.29 per cent.
Nifty Smallcap 100 index was at 18,552.30 after declining 481.40 points or 2.53 per cent.