The benchmark indices continued trading with minor losses in mid-morning trade. IT stocks were under pressure. The Nifty was trading near 17,100 level.
At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 225.01 points or 0.39% at 57,266.50. The Nifty 50 index fell 55.50 points or 0.32% at 17,093.60.
Weak Asian stocks, worries of US Fed interest hike, geo-political tensions of Russia invading Ukraine and firm crude oil prices continue to impact investors sentiment.
In the broader market, the S&P BSE Mid-Cap index rose 0.37% while the S&P BSE Small-Cap index gained 0.11%.
The market breadth was positive. On the BSE, 1,637 shares rose and 1,574 shares fell. A total of 88 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,751.58 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 74.88 crore in the Indian equity market on 24 January 2022, provisional data showed.