Selling pressure persisted on key equity benchmarks with both the Sensex and the Nifty trading in the red as a result of bearish indications from other Asian markets.

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All Asian markets were trading in red with Nikkei 225 slp 762.42 points or 2.66% to 27,878.96, Hang Seng decreased 125.90 points or 0.62% to 20,044.14, Taiwan Weighted dropped 319.12 points or 2.09% to 14,959.32, Straits Times trembled 30.35 points or 0.93% to 3,219.18, KOSPI fell 53.38 points or 2.15% to 2,427.65, Shanghai Composite declined 7.92 points or 0.24% to 3,228.30 and Jakarta Composite lost 49.14 points or 0.69% to 7,086.11.

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The Sensex is presently trading at 58,015.83, down 818.04 points or 1.39% from its low of 57,367.47 and high of 58,092.31. On the index, six stocks advanced while twenty-four declined.

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The broader indices were trading in red with the BSE Midcap index down by 1.12%, while the Small cap index was down by 0.81%. The only gaining sectoral indices on the BSE were FMCG up by 0.41% and Energy up by 0.02%, while IT was down by 3.48%, TECK down by 3.23%, Metal down by 2.18%, Bankex down by 1.92% and Realty down by 1.51% were the top losing indices on BSE.

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The top gainers on the Sensex were Hindustan Unilever up by 0.90%, Nestle up by 0.88%, Maruti Suzuki up by 0.58%, Ultratech Cement up by 0.26% and Reliance Industries up by 0.05%. On the flip side, Tech Mahindra was down by 4.85%, Infosys was down by 4.23%, Wipro was down by 3.06%, HCL Tech. down by 3.03% and TCS down by 2.66% were the top losers.

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The Nifty is presently trading at 17,325.40, down 233.50 points or 1.33% from a low of 17,166.20 and a high of 17,343.20. On the index, 11 equities advanced while 39 stocks declined.

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The top gainers on Nifty were Nestle up by 1.02%, Britannia up by 1.01%, Hindustan Unilever up by 0.93%, Tata Consumer Products up by 0.88% and Maruti Suzuki up by 0.63%. On the flip side, Tech Mahindra was down by 4.84%, Infosys down by 4.22%, Wipro down by 3.07%, JSW Steel down by 3.06% and HCL Tech. down by 3.03% were the top losers.