The 30-share BSE Sensex ended the day at 17,131.08, down 49.10 points or 0.29 per cent and the 50-share NSE Nifty dipped 0.25 per cent or 13 points, to close at 5,090.55.
Due to profit booking, index heavyweight Reliance Industries slipped 0.8 per cent while ITC lost over 1.8 per cent.
Buying in telecom, technology, auto and oil marketing companies' shares along with L&T, Cipla and Ambuja Cements capped the losses to major extent.
Bharti Airtel bounced back on buying interest to gain 2.6 per cent.
Auto stocks saw rally throughout the day. Maruti, Hero Honda and M&M shot up 2.1 to 2.6 per cent. Tata Motors was marginally up.
4: 18 PM
Nifty volatile; Reliance Infra, ITC, HDFC lose
Selling in oil & gas exploration, banking, power, metal, FMCG and select cement stocks continued to weigh on the markets. Nifty was trading amid volatility. At 1: 28 PM, the Sensex shed 68 points to 17,111 while the Nifty slipped 24 points to 5,079.
Reliance Industries, ONGC, ICICI Bank, ITC, HDFC, TCS and SBI were major draggers.
However, Telecom and realty stocks along with Infosys and L&T were supporting the markets.
Mahindra & Mahindra was the top gainer among the largecaps with 3 per cent surge. M&M was followed by Matuti Suzuki, Hero Honda, Bharti Airtel and Tata Motors which gained 2 per cent each.
Jindal Steel, Reliance Infra, ITC and Sterlite Industries were down 2 to 3 per cent. The other losers were BHEL and HDFC.
Newly entrant Den Networks was trading at Rs 150.75, down Rs 44.25, or 22.69 per cent versus the issue price of Rs 195.
Gujarat Flourochem, Max India, Videocon Industries, Bajaj Hindusthan and Balrampur Chini up 5 to 9 per cent were the gainers among Midcaps while KGN Industries, GMDC, Sobha Develpoers, National Fertilisers and Exide Industries down 4 to 5 per cent were the losers.
In the smallcap arena, Grindwell Norton, Tata Coffee, JMC Projects, Esab India and Eveready Industries were up 8 to 20 per cent while Sanwaria Agro, Cambridge Solution, Tata Sponge Iron, SpiceJet and Lloyds Metals dipped 4 to 8 per cent.
2: 30 PM
Mkts continue downtrend; FMGC, power, metal drag
After a flat opening, Sensex continued its downtrend on the back of profit booking in oil & gas exploration, banking, metal, power, FMCG, capital goods and select cement stocks, while Nifty traded below the 5,100 mark.
On the positive side, buying in auto, realty and select telecom stocks were helping the markets.
Among largecaps, auto stocks like Maruti Suzuki (up 3 per cent ), Mahindra & Mahindra, Hero Honda, Tata Motors ( up 2 per cent each) were holding the Sensex.
After slipping 3 per cent in the previous session, Bharti Airtel saw some buying interest in Tuesday, Nov 24 session.
However, Banking & Financial stocks were reeling under pressure. Reliance Infra plunged more than 2 per cent. HDFC, HDFC Bank & ICICI Bank were down more than 1 per cent.
Gujarat Flourochem, Videocon Industries, Peninsula Land, Max India and Bajaj Hindusthan up 5 to 10 per cent proved to be top gainers on the BSE Midcap, while KGN Industries, GMDC, Asian Star, Exide Industries and SKF India were down 3 to 5 per cent.
Top gainers on the BSE Smallcap were Grindwell Norton, Esab India, Tata Coffee, Geometric & Jyothy Labs were up 8 to 20 per cent, while HBL Power, SpiceJet, Cambridge Solution, Tata Sponge Iron & Lloyds Metals down 4 to 5 per cent were the losers.
1: 01 PM
Sensex opens flat; banking, cement dip
Following two days of rally, the Sensex opened the day on a flat note with negative bias and is seeing consolidation.
At 9:56 am, BSE Sensex slipped 25 points to 17,152 while Nifty fell 8 points to 5,095.
However, the CNX Midcap was up 11 points at 7,204.
Oil & gas exploration, private banking, cement and select power stocks were under pressure. However, buying was seen in realty, auto, telecom and pharma stocks.
While Unitech, Wipro, Cipla, Maruti, Hero Honda, Bharti Airtel, Sun Pharma, Ranbaxy Labs, BPCL and DLF were the early gainers; IDFC, ICICI Bank, HDFC Bank, HDFC, ACC, Sterlite Industries, Hindalco, Reliance Industries, Power Grid, L&T, HDFC and Grasim were the frontliners witnessing selling pressure.
Among the Midcaps, Vishal Retail fell 3.5 per cent and GMDC lost 2 per cent, while Bajaj Hindusthan, Balrampur Chini, Shree Renuka Sugars and Triveni Engg were flat in trade.
Trading on the positive side, IVR Prime was up 5 per cent; Mahindra Forgings up 6.4 per cent and NIIT Tech up 1.5 per cent.
10: 19 AM