It was a weak day for the markets accompanied by volatility and unceratinity on account of subprime mortgage worries. The markets opened with a gap up of 200 points but slipped in red on weak global cues, swinging by nearly 500 points.

The fall was inline with the Europe meltdown on news that BNP Paribas has freezed 3 asset backed funds on US subprime losses. BNP Paribas SA, France's biggest bank, halted withdrawals from three investment funds because it can't ``fairly' value their holdings, as concern over U.S. subprime mortgage losses roils credit markets.

Selling was seen in scrips across sectors. Leading the downtrend were IT, oil gas and FMCG stocks. The broader markets also sild and ended lower.

Sensex was down 207.83 points or 1.36% at 15100.15, and the Nifty down 58.90 points or 1.32% at 4403.20.

About 1181 shares have advanced, 1749 shares declined, and 62 shares are unchanged.