Selling was seen in capital goods, power, oil & gas exploration, realty, metal, pharma and banking company shares.
The Sensex ends at 15,551.19 down 115.45 points while the Nifty ends at 4625.35 down 36.75 points.
Realty, banking maintain Nifty at 4700 level
At 13:25 pm, realty, banking, metal, auto, oil and gas and cement stocks continued maintaining Nifty at 4700 level.
However, selling of BHEL, Idea, HCL Tech, Sun Pharma and Tata Power at higher levels deterred the gain.
The Nifty went up 56 points while the Sensex rose to 200 points.
The BSE Midcap index rose by 1.1 per cent while the smallcap index went up by 1.6 per cent.
Nifty leaps to 4700 level recovering Aug 31 losses
At 10:56 am, Nifty rose above 4700 level and recovered the losses incurred on Monday, Aug 31, by buying in telecom, banking, FMCG, auto, realty, power, select capital goods and technology stocks.
The BSE Auto and Realty indices gained 2.2 to 2.5 per cent. TECk, IT, FMCG, Capital Goods, Oil & Gas and Metal indices rose from 1 to 1.6 per cent.
Maruti Suzuki, Hero Honda, Reliance Communication, Jaiprakash Associates, Tata Motors, Suzlon Energy and Reliance Capital were the top gainers.
NHPC, Mahindra Satyam, Suzlon Energy, Unitech, Reliance Capital and Aban Offshore were active on bourses.
Positive Asian cue raises sensex
At 9:56 am, a positive Asian cue raised the Sensex to 126 points while Capital Goods, FMCG, realty, select telecom and banking stocks were drawing buying interest.
Bharti, ITC, DLF, Wipro, HCL Tech, L&T, Reliance Capital, Jindal Steel & Power and Tata Steel gained.
NHPC was trading above the issue price at Rs 36.9.
Midcaps like like Dhampur Sugar, Balrampur Chini and Bajaj Hindusthan were up 2% each. and Matyas Infra locked at 5% upper circuit while HOEC gained nearly 4%.