The Sensex closed at 17,101, down 84 points and the Nifty fell 22 points to 5,108, as per provisional data.
The sell-off or profit booking in banking, oil & gas exploration, realty, auto and select pharma stocks kept the benchmark indices on the lower side.
However, buying in technology, telecom, FMCG, power, oil marketing and select capital goods capped the losses to some extent.
Asian markets closed mixed. Shanghai gained 1.6 pc. Nikkei, Kospi and Straits Times were up 0.45-0.6 pc while Hang Seng, Straits Times and Taiwan fell 0.25-0.6 pc.
Sensex trading higher amid volatility; tech up
At 12:12 pm, the Sensex recovered early losses and was trading higher amid volatility.
The Sensex was up 67 points at 17,255 and the Nifty gained 18 points at 5,149. The broader indices were up 0.55-1%, as about 839 shares advanced while 394 shares declined on the NSE.
Technology, power, FMCG, oil marketing, cement, select telecom and metal companies' shares were witnessing buying interest.
Heavyweights like SBI, RIL, Bharti Airtel and HDFC were also the gainers. However, selling in ONGC, Maruti, ICICI Bank, Axis Bank, HDFC Bank, Tata Steel, M&M, Unitech and Cairn capped the gains to some extent.
On the global front, Asian markets were trading mixed. Hang Seng was down 1.4 pc. Straits Times and Taiwan Weighted declined 0.4 pc each. However, Shanghai, Nikkei and Kospi gained 0.4-0.6 pc.
Nifty consolidates; Wipro, Tata Motors gain
At 10:49 am, the Nifty recovered from its day's low and was hovering around its previous closing value.
The Sensex was down 40 points at 17,145 and the Nifty slipped 14 points at 5,117.
The BSE Midcap Index was up 0.2 pc and Smallcap Index up 0.85 pc, as about 1,695 shares advanced while 1,128 shares declined on the BSE. Nearly 611 shares were unchanged.
Reliance Media World, SBI, Mahindra Satyam, Bharati Shipyard, SpiceJet, Unitech, ICICI Bank, United Spirits and Tata Motors were most active shares on the bourses.
In the largecaps, Wipro, Hindalco, Tata Motors, HUL, Infosys, BPCL, Cipla and HCL Tech gained 0.5-2 pc while M&M, DLF, Maruti Suzuki, ICICI Bank, Tata Steel, GAIL, Unitech and Axis Bank were down 1-3.5 pc.
Sensex open weak; RIL, ICICI, DLF dip
The Sensex begun the day on a weak note following weak global cues. Banking, oil & gas, telecom and realty stocks were witnessing selling pressure.
At 9:56 am, the Nifty was trading at 5,103, down 28 points and the Sensex was at 17,095, down 91 points. The CNX Midcap went down 15 points at 7,335. About 262 shares advanced while 445 shares declined on the NSE.
Among the frontliners, DLF, Unitech, Idea Cellular, ICICI Bank, Sun Pharma, Cairn, Tata Power, Axis Bank, Maruti Suzuki, IDFC, Sun Pharma, Bharti Airtel, Reliance Communications, GAIL, ONGC and Reliance Industries were losers in early trade.
However, BPCL, Cipla, Infosys and Siemens gained.
Asian markets were trading mixed. Shanghai and Kospi were in the green. However, Hang Seng fell 1.2 pc and Straits Times was down 0.5 pc. Nikkei, Taiwan and Jakarta declined.