Benchmark indices continued to fall in noon trade with the Nifty struggling below 8700 level from early trade, following weakness in Asia.
European stocks opened higher after the European Central Bank (ECB) quashed talk regarding its future monetary policy, sending the euro to its lowest point since March and dampening risk appetite.
The pan-European STOXX 600 was up 0.17 percent.
The dollar index was a beneficiary of the euro's slide which occurred in reaction to ECB President Mario Draghi's refusal to given any legs to recent speculation policymakers may opt to begin tapering of the bank's 1.7 trillion-euro asset purchase program in the near-term.
Draghi made clear that all decisions would be deferred to the ECB's December 8 meeting.
