Indian indices slipped further in the afternoon trade with Sensex shed 300 points.

At 12:16 hrs IST, the Sensex is down 298.79 points or 0.76% at 39153.28, and the Nifty down 96.90 points or 0.82% at 11726.40. About 576 shares have advanced, 1577 shares declined, and 103 shares are unchanged.