Markets traded on a weak note in the last one hour of trade the Sensex was at 18,186 lower by 264 points and the S&P CNX Nifty had shed 79 points at 5447.
Mhaindra & Mahindra was the top loser among the Sensex stocks, the stock lost 3.2% and was at Rs 683, TCS, Larsen & Toubro, Tata Power, ITC, NTPC, Reliance Infrastructure, Reliance Industries and DLF were also trading lower by 1.7-2.6% each. On the opther hand Bajaj Auto, Tata Steel, Jindal Steel, Tata Motors, ONGC, State Bank of India and Hindalco were notable gainers.
On the sectoral front profit booking was visible in the realty stocks as the BSE Realty index fell 40 points or 1.76% to 2235, FMCG,IT, Teck, Oil & Gas and Capital Goods indices were also in the negative territory lower by 1-1.3% each. BSE Banking index- Bankex, Power, Auto, PSU and Healthcare stocks also reeled under the selling pressure. Meanwhile, consumer durables and metal indices were trading marginally higher.
D B Realty is the top loser among the Realty stocks followed by Unitech, Indiabulls Real Estate, Anant Raj INdustries, DLF, Sobha Developers, Phoenix Mills and Orbgit Corp. Among the FMCG stocks United Spirits is the top loser followed by ITC, Hindustan Unilever, Marico, Dabur and Tata Global Beverages.
The broader markets also slipped into the red, the BSE mid-cap index was lower by 33 points at 6793 and the small-cap index was at 8421 down 42 points.
The overall market breadth turned negative as 1562 stocks declined while 1114 stocks advanced.