At 10.12 AM, the 30-share Sensex is down 110 points at 26,981 and the 50-share Nifty has shed 41 points at 8,080.

In the broader markets, the BSE Mid-cap and Small-cap indices are outperforming the large counterparts and are up between 0.2-0.5%.

Market breadth is strong on the BSE with 1,253 advances and 917 declines.

Buzzing Stocks:

IT majors Infosys, Wipro and TCS are contributing nearly 50 points to the decline on the 30-share Sensex and are down between 0.5-1.5%.

Bharti Infratel has dipped over 4% to Rs 299 on National Stock Exchange on media reports that private equity fund Kohlberg Kravis Roberts and Co. (KKR) is planning to sale its entire stake in telecom tower firm.

Suzlon Energy is locked in lower circuit for the second straight day, down 10% at Rs 18.35 on National Stock Exchange, after fresh equity shares following the conversion of the company's foreign currency convertible bonds (FCCBs) began to trade from Friday, September 19, 2014.

Hotel Leela Venture has dipped nearly 7% to Rs 22.05 in early morning deals on NSE on reports that the company it has not been able to pay Rs 22.50 crore as the first installment for servicing a debt to state-owned life insurer LIC and is seeking more time for repayment.