The broader Nifty50 index slumped 46 points to 11,063.
All the Nifty sectoral indices were trading in the red. Nifty Auto, down 2.4 per cent, was the top loser, while Nifty PSU Bank was also down 1.94 per cent.
In the broader market, the S&P BSE MidCap index was hovering around 13,475, down 195 points, or 1.4 per cent, while the S&P BSE SmallCap index slipped 79 points, or 0.62 per cent, to 12,621.
A total of 790 companies, including Coal India, Sun Pharma, ONGC, and Bosch are scheduled to announce their June quarter earnings today.