The index was down 142.29 points at 28492.21 and the Nifty fell 42.25 points to 8766.15. The broader markets also lost further but outperformed benchmarks.
The BSE Midcap and Smallcap indices slipped 0.2-0.4 percent on weak breadth. About 1532 shares declined against 1056 advancing shares on the exchange.
European stocks were mixed as global investors awaited the outcomes of separate policy meetings of the US Federal Reserve and Bank of Japan.
Oil prices fell after Venezuela said that global supplies needed to fall by 10 percent in order to bring production down to consumption levels, and technical indicators also pointed to cheaper crude futures.
International benchmark Brent crude oil futures were trading at USD 45.70 per barrel, down 0.54 percent from their last close. US West Texas Intermediate (WTI) crude futures were down 0.55 percent at USD 43.06 a barrel.
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