Selling nature in the oil and gas stocks made the Sensex down by around 0.2 per cent and Nifty down by around 0.25 per cent, after the lowering of crude oil price in the commodity markets.

On Tuesday, Realty, oil and gas and consumer durable stock indices have been severely hit. DLF, Unitech, Ansal and Mahindra Life space shares were down by more than 1 per cent whereas Sobha Developers was down by around 2.5 per cent which has occupied a major position in Realty space.

All the shares listed in oil and gas index were down except for GAIL which managed to retain its original state.

Reliance Industries was trading down by around 0.5 per cent while ONGC's stock was down by around 0.65 per cent.

Earlier in January, Sandeep Waghle, Founder & MD, Aptartindia. com said, "We are expecting 5400-5450 levels on the upside in next two weeks. However, 100 points correction can't be ruled out."

The market has been volatile in the recent days & this has been mainly due to the weakness in global markets. Nikkei has been trading down by around 0.8 per cent, Shanghai Composite by around 1.75 per cent while Kospi by around 0.6 per cent if we look at the Asian Markets. Among European markets, Dax was down by around 0.6 per cent while Swiss markets by around 0.33 per cent.