Equity benchmarks cut down losses in afternoon, following rally in metals and PSU oil exploration stocks.
The 30-share BSE Sensex was down 78.95 points at 31,547.68 and the 50-share NSE Nifty fell 26.45 points to 9,846.15.
The market breadth strengthened further as about five shares advanced for every four shares falling on the BSE.
The Nifty Metal index gained nearly 2 percent as Vedanta, Tata Steel, Hindalco Industries, Hindustan Zinc, NMDC, Jindal Steel, JSW Steel, NALCO and Coal India gained 1-3 percent.
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