Mumbai, Sep 2:At 4:19 pm, Capital goods, realty, private banking and select power stocks pulled the market down while the Sensex ended with a modest loss for the third consecutive session.
Heavyweights Reliance Industries, Bharti, ONGC and ITC also added some pressure.
However, oil marketing companies surpassed other largecaps. Buying in select pharma and technology shares along with HUL, Hero Honda and Reliance Communication outdid the losses.
The Sensex closed at 15,467.46 down 83.73 points while the Nifty ended at 4608.35 down 17.00 points.
Sensex remains uneven; selling in capital goods
At 1:58 pm, the Sensex being unstable was around its previous closing value though selling continued in capital goods, metal, auto (four wheeler), realty, cement and private banking companies' shares.
Heavyweight Bharti Airtel dipped by 2 per cent.
However, technology, FMCG, oil marketing and select pharma companies' shares drew buying interest.
Reliance Communication rose to 5 per cent while Hero Honda was up by 2.7 per cent.
The Sensex was down 7 points to 15,543 while the Nifty gained 1.5 points at 4,627.
Unitech, Mahindra Satyam, Reliance Capital, Aban Offshore, NHPC and DLF were most active on the bourses.
Nifty at 4600 despite weak Asian market
At 11:27 am, despite weak Asian market the Nifty maintained 4600 level.
Capital goods stocks along with Reliance Industries, Bharti Airtel, Nalco, ICICI Bank, Sterlite, Maruti, NTPC, SAIL, HDFC, Tata Power, ABB, Grasim, PNB, Tata Steel and M&M faced selling pressure.
But buying continued in Reliance Communication, Infosys, ITC, Hero Honda, BPCL, SBI, HUL, Sun Pharma, DLF, Ranbaxy Labs, Tata Motors and Hindalco.
Vimal Oils, Todays Writing, Nahar Capital, Berger Paints, Hariyana Ship, Subros and Times Guaranty rose from 10 to 18 per cent.
Gremach Infra, Hardcastle, Delton Cables, Gemstone Investment, Morarjee Textile, Tinplate, Indiabulls Retail, Shasun Chemical and Austral Coke slipped down from down from 5 to 10 per cent.
Unitech, Mahindra Satyam, Reliance Capital, Aban Offshore, NHPC and DLF were most active shares on the bourses.
Banks gain as Nifty recovers Sep1 losses
At 10:22 am, the Nifty showed vitality while Reliance Communication, DLF, SBI, Hero Honda, NTPC, M&M, Ranbaxy, Sun Pharma, BPCL, HUL, Suzlon Energy, Idea and Axis Bank, the gainers.
But selling was seen in Bharti, ONGC, ICICI Bank, Wipro, Sterlite, L&T, HDFC Bank, ITC, Tata Power, Unitech, Cipla, Grasim, Nalco and ABB.
BHEL, Reliance Industries, TCS, Infosys and HDFC traded flatly.
In the midcap space, Berger Paints shot up at 11.74 per cent. Blue Dart, Alfa Laval, TV18 and HCL Info gained 4 to 7 per cent. However, Koutons Retail, Sintex India, JM Financial, Shriram Transport and Atlas Copco fell from 1.5 to 2.6 per cent.
In the smallcap space, Delta Corp, Forbes Gokak, FAG Bearings, Century Plyboard and Satra Properties went up from 6 to 8%. However, Austral Coke locked at 5 per cent lower circuit. Money Matters, English India Clays, Zodiac Clothing and KPIT Cummins slipped from 3 to 4.5%.
Top percentage gainers were Rasi Electrodes, Todays Writing, El Forge, Span Diagnostic, Subros, Nahar Capital and Delta Corp were up from 8.5 to18.5 per cent.