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The market has slipped further. The Sensex is down 143.34 points or 0.6 percent at 23048.63, and the Nifty slips 48.40 points or 0.7 percent at 6999.85. About 332 shares have advanced, 1156 shares declined, and 47 shares are unchanged. Dr Reddy's Labs, NTPC, Tata Motors, Infosys and Sun Pharma are top gainers while Hindalco, SBI, Tata Steel, Coal India and Adani Ports are losers in the Sensex.

Selling continued in the banking shares. The Bank Nifty fell 1.2 per cent while Nifty PSU Bank index slumped 2.65 per cent. Bank of India, Canara Bank, Union Bank of India, Punjab National Bank, IDBI Bank, Yes Bank, State Bank of India and Bank of Baroda were among the losers, down 2.2-5.5 per cent each.