The Sensex extended its losses and touched a low of 20,669 in the mid-noon deals on the back of selling pressure in realty and capital goods stocks.
The BSE Sensex is now down 12 points at 20,717 and the Nifty is down 23 points at 6,151.
Earlier in the day, despite on negative global cues, the BSE Sensex started the day in green with a gap of 26 points and the Nifty was up seven points.
Soon, the BSE index touched a high of 20778, owing to buying in realty and metal stocks.
However, the Sensex could not sustain its gains and slipped into negative zone due to selling in banks stocks.
Thereafter, the BSE bechmark index traded sideways for some part of the trading session.
Among the broader market, the BSE Midcap index has dropped nearly a per cent at 6,639 and the Smallcap index has declined 0.7 per cent at 6,614.
Among the sectors, the BSE Realty index has tumbled over 2 per cent at 1,372. The Capital Goods index has dropped 1.8 per cent at 9,560. The Bankex has shed nearly a per cent at 12,505. The FMCG index has declined 0.6 per cent at 6,481.
On the other hand, the Oil & Gas and Metal indices have advanced 0.4 per cent each at 8,469 and 9,631, respectively.
The market breadth is negative. Out of 2,495 stocks tarded on BSE 1,335 have declined and 1,019 have advanced.
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INDEX MOVERS & SHAKERS
Axis Bank and Hindalco have plunged 2.3 per cent each at Rs 1,184 and Rs 112, respectively.
L&T has tanked nearly 2 per cent at Rs 979.
Maruti Suzuki and Tata Motors have dropped over a per cent each at Rs 1,819 and Rs 366, respectively.
Wipro and SBI have shed almost a per cent each at Rs 541 and Rs 1,640, respectively.
On the other hand, Sesa Sterlite has soared 3 per cent at Rs 197.
NTPC has surged 2.7 per cent at Rs 133. ONGC has jumped 2.4 per cent at Rs 279.
Coal India has rallied over 2 per cent at Rs 294. Dr.Reddy's Lab has spurted 1.7 per cent at Rs 2,575.
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Technical comment for the day: Gold