At 10:56 hours IST - the benchmark indices were witnessing volatility. The Nifty and Sensex were hovering around their previous closing values of 4375.50 and 14,764.64, respectively.

Buying was seen in metal, power (barring Suzlon Energy), realty, select banking and oil & gas stocks. However, technology, cement stocks along with HDFC, Sun Pharma, ITC, L&T, Tata Motors, Maruti, Bharti and ICICI Bank were under pressure.

The Sensex was down 64 points, to 14,700 and the Nifty fell 19 points, to 4,356. Among the broader indices, the BSE Midcap and Smallcap indices were up 1% each.

Cement stocks like ACC, Ambuja Cements and Grasim fell 1.5-3%. Technology stocks like Infosys, Wipro and TCS lost 1-2.7%. However, in the realty space, DLF and Unitech gained nearly 4%.

Metal stocks like Sterlite, Tata Steel and SAIL were up 1-1.7%.

The market breadth was positive; about 1648 shares advanced while 1029 shares declined on the BSE. Nearly 477 shares were unchanged.

In the midcap space, Max India, HDIL, Bajaj Hindusthan, Future Capital and Puravankara Projects gained 5-5.8% while Kirloskar Oil, Gujarat NRE Coke, India Cements, Apollo Tyres and Bombay Rayon fell 3-4%.

In the smallcap space, Fem Care Pharma, EIH Associated Hotel, Polyplex Corp, Premier and Century Plyboard went up 7.5-9% while Balkrishna Industries, Dhanuka Agritec, Sahara One, Money Matters and Rallis India slipped 4-7%.

On the next page - see how Indian markets performed in the last one hour