The BSE Sensex closed at 19861.01, down 80.71 pointts and the NSE Nifty fell 31.45 points to settle at 5,959.55.
In financial space, ICICI Bank and Axis Bank declined 2.3pc each, Kotak Mahindra Bank was down 1.8pc. HDFC Bank, SBI and HDFC were down 0.3-0.7pc. DLF and Unitech from realty segment went down 1.7-2.65pc.
Nifty continues trading on a negative bias
NSE Nifty continued to trading on a negative bias and below 6000-mark.
At 1:10 pm, the Sensex was down 39.57 points or 0.20 percent at 19902.15, and the Nifty was down 22.70 points or 0.38 percent at 5968.30. About 1687 shares advanced, 1329 shares declined, and 382 shares remain unchanged.
Ranbaxy Labs, ONGC, Mahindra and Mahindra, IDFC and Siemens, who among the largescale cap, were up with 1-2 percent.
However, Suzlon Energy, Cairn India, Unitech, Bharti Airtel and Reliance Industries, who among the losing side, were down 1.2-1.6 percent.
Nifty trades on a negative note
After starting amid volatility, NSE Nifty has been facing selling pressure whenever moves towards 6000 level.
At 11:55 am, the Sensex was trading at 19888, down 52 points and the Nifty was at 5970, down 21 points.
Realty, technology, private banking, telecom, private power, FMCG and select metal companies' shares along with heavyweight Reliance Industries and BHEL were on sellers' radar.
However, buying in ONGC, NTPC, Sterlite Industries, M&M, Tata Motors, Ranbaxy Labs, SBI, Hindalco, Tata Power and ACC was helping the markets to cap losses.
Nifty starts amid volatility, ONGC, Reliance up
The NSE Nifty slipped from its highest level immediately after a start with a positive note on Thursday, Sep 23.
The Nifty has been facing a lot of supply at around 6000 level.
At 09:11 am, the Nifty was trading at 5973, down 18 points and the Sensex was at 19896, down 45 points.
M&M, ONGC, Ranbaxy Labs, ABB, PNB, Sun Pharma, SAIL, Suzlon Energy, Reliance Capital and ACC, who among the frontliners, were witnessing buying interest.
However, Infosys, Ambuja Cements, DLF, HUL, Bharti, Tata Motors, TCS, L&T, HDFC and Reliance Industries were on sellers' radar.