The Sensex of the BSE, which opened at 35,537.85 points, was trading at 35,515.81 points (2.28 p.m.), lower by 40.90 points or 0.12 per cent from the previous day's close at 35,556.71 points. Consolidation may extend as rise in yield will add volatility in the market.
Foreign portfolio investors (FPIs) net sold shares worth Rs 830.94 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 428.92 crore yesterday, as per provisional data.
Shares of Allahabad Bank, SBI, Punjab National Bank, Bank of Baroda, Syndicate Bank, Andhra Bank and Union Bank of India declined by up to 4.67 per cent.
PNB, Syndicate Bank, Bank of Baroda, Century Plyboards, Morepen Labs, Adani Transmission, Reliance Communications and Shakti Pumps fell up to 16 percent.More news: Teacher pack opening of legislative session in Raleigh
Among the Nifty50 stocks, Bharti Airtel was the top loser, down 2.57 per cent followed by UltraTech Cement and Wipro, which fell as much as 2 per cent. ICICI Bank, Cipla, Tata Motors, Gail, Sun Pharma, Asian Paints were the other prominent losers in the Nifty.
However, HUL, Kotak Bank, IndusBank, ITC, Hero MotoCorp, TCS and Yes Bank ended with gains.
On the sectoral front, PSU banks dropped by 3.05 per cent, energy 1.70 per cent, banks 1.10 per cent, finance service 1.03 per cent, private bank 0.92 per cent, infra 0.54 per cent, metal 0.41 per cent and auto 0.20 per cent. The FMCG sector index was the worst performer falling 1.28%.
Moreoever, there was a weak trend at other Asian markets, tracking overnight losses at the Wall Street amid rising geopolitical tensions in the Korean peninsula after North Korea called off talks with South Korea.
This is unedited, unformatted feed from the Press Trust of India wire.