Still, we may see rebounds in the afternoon on bargain-hunting by long-term buyers in construction, energy, and brokerage stocks that decline significantly.

If the case gets reviewed, it is likely to become a long-drawn matter that will negatively affect sentiment for a while.

Investors remain concerned about the growing political tension and many sold ahead of the weekend in case changes take place during that time.

Technical signs are also positive and the index is likely able to stand above 755 for the day.