At 9:52 a.m., Sensex was down 280 points or 0.35 per cent, at 80,174 and Nifty was down 72 points or 0.30 per cent.

Buying is seen in the broader market. On the National Stock Exchange (NSE), 1712 shares are in the green and 477 shares are in the red.

Midcap and smallcap stocks are performing better compared to largecaps. Nifty midcap 100 index is up 384 points or 0.68 per cent, at 56,669 and Nifty smallcap 100 index is up 248 points or 1.35 per cent, at 18,649.

Among the sectoral indices, IT, PSU Bank, Fin service, pharma, metal and media are major gainers. Auto and realty are major laggards.

ITC, Titan, Tata Motors, NTPC, Tech Mahindra, Wipro, Kotak Mahindra, Tata Steel, SBI, Asian Paints and ICICI Bank are the top gainers in the Sensex pack. HUL, Bajaj Finance, Nestle, UltraTech Cement, HCL Tech and M&M are the top losers.