The NSE Nifty carried on trading lower than the 4400 level at 13:35 hours IST, as heavyweights remained under stress.

Auto stocks bounced back after going through a hard time in the Monday’s session on monsoon worries.

The BSE Sensex traded up and held the 15,000 mark at 11:52 hours IST.

The Sensex Auto index dipped 3.04% and was the lead loser among the Sensex sector indices.

All the sector indices had a low end. Severe fall in rate oriented, FMCG and infrastructure stocks dragged the Nifty lower than the 4,500 level in the end.

Although, the broader market did witness some action, the bulls remained languid after a two-week rally.

Bajaj Auto Finance on Wednesday posted a leap of fivefold in its net earnings for the primary quarter closed 30th June to Rs.15.21crore over the equivalent quarter in 2007, fueling a rush of 20% in its share cost on the BSE.

The benchmark indices dipped further due to the sell-off in rate driven stocks like infrastructure, telecom, FMCG, metal and cement stocks at 12:03 hours IST.

Bajaj Auto is ready to introduce ‘Discover’ on 27th July. It will be a 100 cc bike, which will give direct competition to Hero Honda’s Passion and Splendor.

Sensex earned 152 points to close at 14,645 after reaching an up of 14,727 and a down of 14,355.