Indian equities slipped further into the negative zone on the back of heavy selling pressure witnessed in some of the frontliners.

Realty and metal stocks went up, whereas IT and consumer durables stocks led the declines.

BSE Midcap and Smallcap index gained mire than 1 percent each.

Among the sectoral indices, BSE Realty zoomed 2.44%, Metal gained 1.25%, while BSE IT declined 3.81%, Consumer Durables lost more than 2.75%.

The 30-share index, BSE Sensex started the day with a gain of 24.42 points, at 9,679.32.

At 03:05 p.m., Sensex lost 102.25 points at 9,552.65 after hitting a high of 9,746.01 and a low of 9,441.97.

Meanwhile the broad based Nifty stood at 2,910.95, down 17.30 points, after touching a high of 2,945.30 and a low of 2,861.55.

The overall breadth of the market was positive. Out of the total 2,533 stocks traded at BSE, 1,478 went up, 958 dropped down whereas 97 remained unchanged.

The major gainers in the 30-share index included Jaiprakash Associates (10.09%), Sterlite Industries (India) (6.47%), Reliance Communications (3.33%), ACC (2.12%), and ICICI Bank (0.45%).

On the other hand, the major losers in the Sensex were Tata Consultancy Services (6.55%), Hindalco Industries (5.96%), Satyam Computer Services (5.56%), Wipro (5.14%), DLF (3.94%), and Infosys Technologies (3.66%)

For the week ended November 29, the wholesale price index (WPI) declined to 8% percent as compared to 8.4% during the last week.

The inflationary figures stood at 3.89% during the corresponding week last year (2007).

Inflation rate for primary articles dropped down to 11.66% in the reported week as against 11.98% during the previous week.