Both indices were under pressure, fall

On Wednesday, both the indices dipped for the thrid consecutive session. These were under pressure throughout the day. However, in the early trade both the indices were enjoying a good gain. Capital goods, telecom, realty, metal, pharma, select power and banking stocks and individual stocks like ONGC and HCL Tech witnessed selling pressure.

However, buying in Reliance Industries, Wipro, Infosys, Suzlon, ITC, ACC, ICICI Bank and Ambuja Cements capped the losses. Traders were very cautious and wanted to have profit. The Sensex fell to end 80.57 points lower at 10,817.54. The key index touched the day's high 11,036.24 and a low of 10,715.66. In the same way, the 50-share National Stock Exchange index Nifty fell 35.00 points at 3,330.30, after rising to 3,401.10 points and dipping to 3,296.90 points. Broader market indices also lost, with the BSE midcap index shedding 1.15 percent, while the BSE smallcap index was down 1.62 percent.

The NSE has decided to remove 50 securities from F&O segment; most stocks affected by this news and have to face loss. Prominent stocks like Reliance Industrial Infrastructure, Gitanjali Gems, UTV Software, 3i Infotech, Arvind, SREI Infra, Balaji Telefilms, Escorts, Aptech, Mahindra Life and S Kumars Nationwide fell 8-13%. The broader indices underperformed the benchmark indices; the BSE Midcap Index fell 40.36 points or 1.15%, to 3,482.78 and the Smallcap Index slipped 65.30 points or 1.62%, to settle at 3,962.68.