The Sensex resumed higher at 27,885.36 and firmed up further to 27,911.44 on initial buying on the back of good foreign capital inflows. However, it declined immediately to 27,721.11 before quoting at 27,739.66 at 1045 hours, a loss of 97.55 points, or 0.35 percent, from its last close.
The CNX 50-share Nifty also fell 27.75 points, or 0.33 percent, to 8,395.50 at 1045 hours. Major losers were Tata Steel (5.33 per cent), Vedanta (3 percent), Cipla (1.59 percent), Hindalco (1.26 percent), Tata Power (1.23 per cent), ITC (1.13 percent), BHEL (1.04 percent) and NTPC (1.03 percent).
However, Coal India rose 3.10 percent followed by Tata Motors 0.93 percent, Axis Bank 0.82 per cent and L&T 0.56 percent. Foreign portfolio investors bought shares worth a net Rs 123.49 crore on Wednesday and domestic institutional investors (DIIs) purchased shares worth a net Rs 103.58 crore.
In the overseas market, Asian stocks were trading mixed. US stocks ended slightly lower on Wednesday after the minutes from last month's Federal Reserve meeting showed officials were unlikely to raise interest rates in June amid a slowdown in economic growth.


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