At 13:55 hours IST, the equity benchmarks were witnessing volatility as traders seemed cautious after four days of rally. Selling in realty, telecom, capital goods, FMCG and select metal stocks was putting pressure on the markets. ONGC, Hero Honda, Infosys, Maruti Suzuki and Jaiprakash Associates were the other losers.

However, buying in banking, oil marketing and cement was helping the markets to limit the losses. Heavyweights like Reliance Industries, SBI and ICICI Bank were supportive today. NTPC, Tata Motors, SAIL, M&M, Jindal Steel, Cipla and Siemens were the other gainers.

The Sensex fell 43 points to 16,455 and the Nifty slipped 12 points to 4,885. The broader indices were flat in trade, as about 1,463 shares advanced while 1,523 shares declined on the BSE. Nearly 780 shares were unchanged.

After RNRL comments, RIL counsel also ruled out out-of-court settlement with RNRL. Reliance Industries was flat while RNRL was up 2%.

In the realty space, Indiabulls Real was down 5.5%. DLF, Sobha Developer and Unitech declined 2.6-3%.

Colgate and HUL slipped 2.5-2.9% in the FMCG space. ITC was down just 0.29%.

Telecom stocks like Bharti Airtel lost 2.5%. Idea Cellular, Reliance Communications, MTNL and Tata Communications were down 0.8-1.3%.

Punj Lloyd, ABB, BHEL, L&T and Suzlon Energy slipped 0.9-1.8% in the capital goods pack.

In the metal segment, Hindalco, Sterlite Industries and Tata Steel were down 1-1.66% while JSW Steel, Sesa Goa and SAIL gained 1.7-3.4%. Jindal Saw, Hindustan Zinc and Jindal Steel were up 0.4-0.7%.

Apollo Tyres, Hero Honda and Maruti Suzuki fell 2.5-4.4% while Tata Motors was up 2.4%.

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