The Sensex and the Nifty today fell more than half a percent in the afternoon trade. Both stocks declined amid mixed cues from the global equity markets.
However, the Sensex was trading below 58,300 while the Nifty was trading below 17,400 level.
The BSE Sensex declined 464 points, or 0.79 per cent to trade at 58,323. The NSE Nifty also slipped 130 points, or 0.74 per cent, to trade at 17,381.
In the forex market, the rupee appreciated nine paise against the US dollar to trade at 75 rupees and 69 paise per dollar in afternoon deals.