Indian equities slipped further into the negative terrain on the back of heavy selling witnessed across board.

Realty, metal, banking and consumer goods have suffered sharp losses.

FMCG, oil, telecom, pharma and power stocks also drifted down sharply. IT stocks that were see ruling firm till a little while ago, have ceased most of their gains.

BSE Midcap and Smallcap index fell more than 1% each on heavy selling.

At 2:04 p.m., the 30-share index Sensex stood at 9,656.93, down 182.76 points. It also touched a high of 9,928.60 and a low of 9,559.33.

Meanwhile the broad based Nifty lost 66.10 points at 2,872.55 after hitting a high of 2,975.20 and a low of 2,855.05. (2.04 p.m.)

Overall market breadth was sharply negative as it witnessed 815 progressions as against 1542 declinations.

Most active counters on the bourses were NTPC, which gained 2.54%, HDFC up 2.14%, Tata Consultancy Services zoomed 1.88%, Infosys Technologies profited 1.86%, Wipro climbed 1.29% and HDFC Bank surged 1.11%.

The major losers’ list included Jaiprakash Associates, which lost 9.31%, Hindalco Industries fell 6.58%, ICICI Bank declined 6.44%, DLF slipped 5.92%, Tata Motors erased 5.60% and Hindustan Unilever slumped 5.25%.