Zee Media Bureau
The S&P BSE benchmark pared its initial gains and quoted down by nearly 100 points in early trade Tuesday on selling pressure.
The Sensex resumed higher at 26,537.42 and hovered in a range of 26,550.79 and 26,212.01 before quoting at 26,286.39, showing a loss of 97.68 points, or 0.37 percent from its last close.
The CNX 50-share Nifty also moved down by 38.55 points, or 0.49 percent, to 7,845.70.
Share price of realty giant DLF today tanked by nearly 25 percent -- probably its biggest one-day fall -- on the back of Sebi imposing a three-year ban on the company and its top executives from securities markets.
The stock fell by 24.5 percent to its 52-week low level of Rs 111.25 in opening trade at the BSE.
Asian shares were trading higher in early trade despite stocks US stocks posting their third straight decline as investors awaited earnings and fretted about signs of slowing global growth.
Key indices in China, Hong Kong, Taiwan, Singapore and South Korea were up by 0.14 percent to 0.67 percent while Japan's Nikkei 225 was down 1.67 percent.
Meanwhile, the provisional data released by the stock exchanges, showed that foreign portfolio investors (FPIs) sold shares worth a net Rs 671.06 crore yesterday.
With agency inputs
