The markets corrected for the third consecutive day on weak global cues amid volatility.

Selling pressure was seen in capital goods, realty, private banking and select power stocks while oil marketing companies outperformed other large cap stocks.

The Sensex closed at 15,467 down 84 points after trading between 15,628 and 15,392.

The Nifty fell 0.37% or 17 points to settle at 4608. The broader indices also slipped in line with benchmark indices, down 0.3-0.7%. The market breadth was negative and the total turnover was very low compared to yesterday's trade. The Sept nifty future ended with 10 points premium.

The BSE realty index fell 1.7%. HDIL lost 4 % while IBREL and Mahindra Lifespace Developers shed over 3.5 % each. Dlf lost 1.3%.

The BSE auto index dropped 1.3 % led by Bajaj Auto, Amtek Auto and Exide Ind. The stocks fell over 3 % each. Maruti lost 2%, while Hero Honda was up 1.7%.

The IT index on the BSE rose nearly 1 %. Aptech jumped 6 % and Oracle rose 5.2 %. Rolta was up 1%, Infosys up 0.9% and TCS was up 1.4%.

Among the oil & gas space, HPCL, BPCL and IOC were up 3-6% each.

In the capital goods space, BHEL was down 2.8%. ABB and L&T fell 1.1% each.

In the Sensex pack Sterlite Ind fell 3.1 % to Rs 635. BHEL, JP Associates, Maruti and Bharti Airtel shed over 2 % each.

RCom, however, rose over 4.5 % to Rs 276.