Equity benchmarks fell further in opening trade Thursday, with the Sensex losing more than 100 points.
The 30-share BSE Sensex was down 122.54 points at 31,675.30 and the 50-share NSE Nifty slipped 41.55 points to 9,866.50.
After earnings, Tata Motors down 4 percent while Aurobindo Pharma rallied 4 percent.
Eicher Motors, ONGC, Tata Power and SBI fell up to 1 percent.
Nifty Bank was down 0.4 percent. Nifty Midcap lost 0.7 percent as about two shares declined for every share rising on the NSE.