The Indian markets have made a flat beginning with negative bias tracking global cues.
By 9:45, the Sensex was down 81 points at 15,793 and the Nifty fell 30 points to 4,720.
On the global front, the Dow Jones industrial average dipped 2.65 points to 12,291.35 at close. Standard & Poor's 500 Index ended flat at 1,265.43.
Asian shares eased on Wednesday with MSCI's broadest index of Asia Pacific shares outside Japan slipping 0.3 per cent, keeping it on track for a yearly loss of about 17 per cent. Japan's Nikkei stock average opened down 0.17 per cent in light trading, on track for a 17 per cent decline this year.
Back home, technical analysts peg the support for the Nifty at 4,720 and suggest that it will face resistance at 4,815 – 4,862 levels.
BSE realty index has dropped by almost 2%. From the realty space, Anant Raj Inds, DB Realty, DLF, HDIL, Indiabulls Real Estate, Mahindra Lifespace, Phoenix Mills, Sobha Developers and Unitech have crumbled between 0.1-2%.
Sectors like metal, banks, PSU, power, auto, oil & gas and technology have declined by almost 1% each.
Amongst metal segment, Cola India, Tata Steel, Sterlite and Hindalco have drooped between 0.05-2%.
From the financial space, Axis Banks, SBI, ICICI Bank, Kotak Mahindra Bank, BoI have plummeted between 1-2%.
However, Tata Power has shot up 3.6%. The company signed share purchase agreement for buying 51% stake with BP Alternative Energy Holdings equity in Tata BP Solar.
In the broader market, the mid-cap and small-cap indices are trading weak. Both the indices are down between 0.35-0.65%.
Adani Power has plunged 3% as the company has put capacity expansion plan on hold.
Hanung Toys has crashed 5% after rallying in previous two sessions.
The overall breadth is negative as 1,495 stocks are declining while 1,178 are advancing.