The Indian markets additional to their early morning losses to trade almost one per cent reduced in Thursday’s noon discounts.

The S&P BSE Sensex dipped 300 points points to 38,988 degrees and the Nifty50 index fell beneath the 11,550-mark. Tata Steel and Bajaj Finserv (the two down 2%) had been the best Sensex laggards, followed by ICICI Financial institution, Bajaj Finance, and Powergrid (all down one%) each and every.

The trend between Nifty sectoral indices was largely detrimental, with Nifty Steel index, down one.eight per cent, primary the record of losers.

In the broader market place, the S&P BSE MidCap and SmallCap indexes had been investing flat.