Mumbai: The BSE Sensex washed out initial gains by slipping 13 points on fresh selling mainly in realty, banking and power sectors triggered by weak Asian stocks.
Sensex resumed lower at 16,681.89, but recovered to 16,802.90 on select buying and good capital inflows from foreign funds.
However, it declined afterwards to 16,692.44 on fresh selling on the back of lower Asian cues, showing a net loss of 13.39 points of 0.08 percent from its last close.
The NSE 50-share Nifty also moved down by 9.35 points or 0.18 percent to 5,054.90.
Despite the markets falling yesterday, FIIs had bought shares worth Rs 412.41 crore as per provisional figures from the stock exchanges.
Major losers today were Sterlite (2.55 percent), BHEL (1.80 percent), Tata Power (1.74 percent), SBI (1.46 percent) and NTPC (1.30 percent).
Most Asian markets declined in early trade as Spain's financial problems cast fresh shadows over Europe's economic outlook. Key indices in Japan, China, Taiwan, South Korea and Hong Kong were down by up to 0.47 percent. Markets in Indonesia and Singapore were up.
PTI
First Published: Tuesday, June 19, 2012, 09:54