The Bombay Stock Exchange benchmark Sensex on Thursday dipped below 17,000 points level losing over 101 points in opening trade on selling by foreign funds amid weak global trends.
The 30-share index fell by 101.83 points to 16,907.34 points. The Sensex had lost over 315 points in the past two sessions.
The wide-based National Stock Exchange index Nifty fell by 32.20 points to 5,031.40 points.
Brokers said stock markets fell due to continued profit-taking by funds and general investors following weak trend in other Asian bourses.
Heavy selling by domestic mutual funds also impacted the sentiment, they said.
Shares of Reliance Industries fell by 1.73 per cent to Rs 2,144.70, ICICI Bank by 1.81 per cent to Rs 912.70, State Bank of India by 0.69 per cent to Rs 2,368.90 and Tata Steel lost one per cent at Rs 546.95.
However, software major Infosys Technologies found some support and rose by 2.84 per cent to Rs 2,227.
The Hong Kong’s Hang Seng was down 1.20 per cent, while Japan’s Nikkei shed 1.57 per cent in the morning trade.
The US Dow Jones Industrial Average ended 0.92 per cent down on Wednesday.