The Sensex closed at 17591, down 48 points and the Nifty was at 5262, down 11 points.
The market breadth was negative, out of 3,005 shares traded, 1,711 declined and 1,165 advanced on the BSE.
DLF, Jaiprakash Associates, HDFC, Reliance Communications and Grasim were the top losers.
ICICI Bank, ITC, Sun Pharma, Tata Motors and HUL were amongst the top gainers.
Nifty hovers around 5250; DLF, BPCL dip
At 11.45 am, the Nifty was hovering around the 5250 mark with negative bias.
The Sensex was down 50.65 points or 0.29 pc at 17588.61, and the Nifty was down 17.20 points or 0.33 pc at 5256.40.
About 1228 shares advanced, 1597 shares declined, and 418 shares were unchanged.
Buying was seen marginally in the banking stocks. Selling was seen in oil&gas, capital goods, realty, metal, IT and power stocks.
The broader markets too were trading weak. The BSE Midcap index was trading in the red while the BSE Smallcap index was flat.
In the largecap space, ICICI Bank was the top gainer on the Nifty with close to 1.5 pc gain. ITC, Tata Motors, HUL and Siemens were up 0.6-1 pc.
On the losing side, DLF, Kotak Mahindra, BPCL, Suzlon Energy and Jaiprakash Associates were down 1.4-2 pc.
Sensex volatile in trade; RIL, SBI, HDFC dip
At 10:30 am, the benchmark Sensex recouped early trade losses and was hovering around its previous closing value.
The Sensex was trading at 17606, down 33 points and the Nifty was at 5264, down 9.5 points.
The broader indices were also quiet in trade; about 1316 shares advanced while 1436 shares declined on the BSE. Nearly 490 shares were unchanged.
Shares of private banking, FMCG, auto and capital goods companies' shares were helping the markets in recovery. SAIL, Sun Pharma, GAIL, Bharti and Wipro were other gainers in trade.
However, Reliance Industries, SBI, ONGC and HDFC were still down, though they came off their lows. Oil & gas, realty, cement, select metal and power companies' shares were witnessing selling pressure.
Sensex opens weak; HDFC, RIL, BHEL dip
The benchmark Nifty continued on its downward trend selling off in today's trade as well.
At 9:02 am, the Sensex was trading at 17588, down 50 points and the Nifty was at 5255, down 17 points.
The CNX Midcap rose just 2 points to 7924. About 302 shares advanced while 350 shares declined on the NSE.
Among the frontliners, HDFC Bank, Axis Bank, IDFC, Kotak Mahindra Bank, BHEL, Siemens, Tata Steel, Cairn India, Reliance Communications, PNB and ACC were witnessing selling pressure.
However, TCS, L&T, Wipro, Tata Motors and Unitech gained.
Asian markets were trading lower. Hang Seng and Nikkei fell over 1.3%. Straits Times, Shanghai, Kospi and Taiwan were down 0.5-0.9%.