Mumbai, May 19 (Inditop.com) A benchmark index for Indian equities Wednesday fell deep into the red soon after opening, and was ruling 212 points lower than its previous close about an hour later.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,802.39 points, was ruling at 16,663.01 points, 212.75 points or 1.26 percent down from its previous close at 16,875.76 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 4,997.7 points, down 1.35 percent from its previous close.

Broader markets also came under selling pressure with the BSE midcap index ruling 0.5 percent lower and the BSE smallcap index 0.35 percent down.