A benchmark index of Indian equities markets Wednesday was trading 57 points down in late afternoon trade. Metal, consumer durable and power stocks mostly came under selling pressure.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,899.01 points, was ruling at 16,860.63 points, 0.34 percent or 57.45 points down from its previous day's close at 16,918.08 points.
The BSE metal index was down 172.20 points, followed by consumer durables index, up 74.48 points, and power index, up 19.32 points.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was ruling 0.28 percent down at 5,113.70 points.
The main losers were Jindal Steel, down 3.42 percent at Rs.400.50; Hindustan Unilever, down 2.36 percent at Rs.464.80; Wipro, down 1.88 percent at Rs.339.50; Hindalco Inds, down 1.79 percent at Rs.115; and Bharti Airtel, down 1.69 percent at Rs.302.95.
Major Sensex gainers were HDFC Bank, up 0.90 percent at Rs.579.30; ITC, up 0.84 percent at Rs.252.60; TCS, up 0.47 percent at Rs.1,214.70; ICICI Bank, up 0.39 percent at Rs.919.60; and HDFC, up 0.26 percent at Rs.676.20.
Other Asian markets were also lower. Japan's Nikkei was down 1.44 percent while Shanghai's composite index fell 0.49 percent. Hong Kong's Hang Seng was down 0.14 percent.