The incident took place between 1.30-2.30 PM when the demonstration was in full swing.
"I was taking byte of a senior Congress leader around 2 PM when I felt that someone fished into my pocket and before I could realise my phone was stolen," a media person claimed.
At least two other journalists also complained that their phones had been stolen while they were covering the event.
However, police said only two FIRs have been lodged so far.
Senior Congress leaders along with scores of party workers today hit the street in the capital as part of a nation-wide protest against demonetisation.
The protesters led by Congress MP Ahmed Patel, party's deputy leader in Rajya Sabha Anand Sharma, DPCC chief Ajay Maken and P C Chacko tried to march from Jantar Mantar to RBI's regional headquarters in Parliament Street, but were stopped by police.
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