After a weak opening today, the 30-share index BSE Sensex continued to trade in the negative zone on the back of global worries, and lack of support at higher levels.
Heavy selling action was witnessed in banking, IT and power stocks.
BSE Midcap and Smallcap index shed 1.56% and 1.42% respectively.
As declining growth, massive job cuts, worries of a deep and prolonged recession in worldwide economies continue to disturb the outlook, the stock market, despite a few rallies here and there, has been fighting to make a headway for the last few months.