Equity benchmark Sensex fell over 220 points in early trade on February 4, tracking weakness in index heavyweights Wipro, TCS, Infosys and RIL amid a mixed trend in global markets.
Traders said frequent foreign capital outflows also influenced the market sentiment.
The BSE gauge was trading 220.21 points or 0.37% lower at 58,567.81 in early trade. Similarly, Nifty fell 72.85 points or 0.41% to 17,487.35.
Titan fell 1.39% in the Sensex pack, followed by Wipro, TCS, Infosys, Reliance Industries, HCL Tech and HDFC.
On the other hand, Tata Steel, PowerGrid, Sun Pharma, ITC and NTPC were among the gainers.
The 30-share index had closed 770.31 points or 1.29% lower at 58,788.02 in the previous session. Similarly, the NSE Nifty fell 219.80 points or 1.24% to end at 17,560.20.
Elsewhere in Asia, shares in Hong Kong and Seoul were trading with gains in mid-session deals, while Tokyo was in the red.
Chinese markets are closed for the Lunar New Year holiday.
Stock exchanges in the US ended the overnight session with deep losses.
Meanwhile, international oil benchmark Brent crude rose 0.44% to $91.51 a barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 1,597.54 crore on February 3, according to stock exchange data.
,