Indian equity benchmarks opened flat to positive on mahurat, but immediately slipped into red following weak global trend. European markets were down 0.5-0.8 percent on US fiscal worries. Asian markets closed lower too.
The 30-share BSE Sensex fell 9.24 points to 18,661.10 and the 50-share NSE Nifty lost 8 points to 5,675.90.
Realty firm DLF lost 2 percent following 60 percent decline in second quarter net profit.
Ultratech Cement - a biggest gainer among largecaps in one year - was flat.
Software majors Infosys and TCS fell 0.6 percent each on profit booking as they were among gainers yesterday.
Shares of HDFC, HDFC Bank, Bajaj Auto, SBI, GAIL and DRL were under pressure.
Top telecom operator Bharti Airtel rose 1 percent.
Coal India, Tata Steel, Hindalco, JSPL, ICICI Bank, ITC, ONGC and Reliance Industries were other gainers.
In the second line shares, TBZ gained 1 percent on festive season.
UB Holdings tanked 5 percent and United Spirits dropped 2 percent on profit booking after rising quite sharply yesterday.
Hanung Toys rallied 8.5 percent.
TV18 Broadcast up 4 percent. (Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.)
Dishman, Kingfisher and L&T Finance Holdings were up 2-4 percent.
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