Shares of Ester Industries locked at 10 percent upper circuit as the company has entered into agreement with Shaw industries group USA, a wholly owned subsidiary of Berkshire Hathaway.
There were pending buy orders of 263,128 shares, with no sellers available.
Benchmark indices remained under selling pressure in late morning deals as the Sensex was down 199.07 points at 36,084.18 and the Nifty fell 72.40 points to 11,058.
About three shares declined for every share rising on the BSE.
Reliance Communications was the biggest gainer among midcaps, rising 14 percent after Q3 earnings.
SBI gained 1 percent after hike in bulk deposit rates by 50-140 bps effective today.
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