Market indices continue decline amid low oil prices, sell-offs

India's Markets continued their downward slide today amid the decline in crude oil prices and heavy sell-offs by fund and retail investors, combined with the political uncertainty in Greece.

The benchmark S&P BSE Sensex fell by over 800 points to head towards its biggest one-day fall since 2013, while Nifty edged down by 200 points.

The Sensex fell amidst all-round selling from operators following sharp fall in Asian markets and overnight steep fall in US bourses as oil prices continue its sustained fall.

The quarterly earnings announcement season which will start from 9 January will be keenly watched by the market.

By 1.15 pm, the 30-share Sensex was lower by 555 points at 27,277, whereas the Nifty plunged by 161 points at 8,217 levels.

The broader markets are underperforming in line with the benchmark indices- BSE Midcap and Smallcap indices have slumped over 1.6 per cent each.

The market breadth in the BSE remains unhealthy, with 1,968 shares declining and 678 shares advancing.

Foreign institutional investors were net buyers in Indian equities to the tune of Rs472 crore on Monday, as per provisional stock exchange data.

The Indian rupee was trading marginally higher at Rs63.38 compared to the previous close of Rs63.42.