Market ends marginally down: Bank down, realty up

Mumbai: The markets ended with marginal losses amid a range-bound session after six consecutive sessions of positive close.

Selling pressure was seen in banks, metal, capital goods and some power and oil stocks. However, realty and some technology stocks were still witnessing buying interest. The Nifty closed above 5,000 mark for the third consecutive session. Market breadth was sightly in favour of the declines. Even the broader markets closed flat.

BHEL, ICICI Bank, Tata Steel, HDFC Bank and SAIL were the major draggers. The movers were Wipro, ACC, M&M, Unitech, Infosys and Cairn India.

Textile stocks were star performers, Arvind Mills was up over 12 per cent, S Kumar Nationwide up 6 per cent, Alok Industries up 8 per cent.

Sugar stocks like Upper Ganges and Oudh Sugar rallied in today's trade after their results.

Sensex closed down 85.83 points or 0.51 per cent at 16698.04, and the Nifty down 26.50 points or 0.52 per cent at 5022.80.

About 1486 shares have advanced, 1373 shares declined, and 219 shares are unchanged

The BSE Midcap Index ended at 6,699.10 up 1.4 per cent.

The BSE Smallcap Index ended at 8,351.14 up 1.8 per cent.

The BSE Bankex ended at 8,552.46 down 2 per cent. HDFC Bank, ICICI Bank, Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards.

The BSE Capital Goods Index closed down 1 per cent at 13,770.97. BHEL, L&T, Astra Microwave, BEML, Crompton Greave, Thermax, Greaves Cotton, Areva T&D closed lower.

The BSE Auto Index closed at 4,579.55 up 0.7 per cent. Escorts, TVS Motor, Amtek Auto, Cummins, Punj Tractors, MRF closed higher.

The BSE Metal Index closed at 15,548.10 up 0.1 per cent. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed higher.

The BSE FMCG Index closed down 0.4 per cent at 2,372.14. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower.

BSE Oil and Gas Index closed at 11,382.82 down 0.8 per cent. GAIL, Reliance Natura, HPCL, RPL,ONGC, Reliance, ONGC ended in red.

BSE power index closed at 3,299.90 down 0.5 per cent. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in red.

The BSE IT Index was up 1 per cent at 3,982.85. Wipro, I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed higher.

The NSE cash turnover was at Rs 14823.99 crore and the NSE F&O turnover was at Rs 52107.86 crore. The BSE cash turnover was Rs 6314.76 crore. Total market wide turnover was at Rs 73246.61 crore.