Marginally down

After clocking gains of over 400 points in the yesterday’s session, the market succumbed to selling pressure on the second day of the week amid weak global indices. The Sensex resumed the day 93 points below its last close at 14,945 and slipped below 14,750 on sustained selling. The index fell sharply in the afternoon to touch the day's low of 14,715. However, the market soon witnessed a strong bounce back on the emergence of buying and touched an intra-day high of 14,998. The Sensex pared its losses considerably and ended the session at 14,901, down 44 points for the day, while the Nifty shed 14 points at 4,469.

The market breadth was negative, as of the 2,711 stocks traded on the BSE, 1,451 stocks declined, while 1,189 stocks advanced. 71 stocks ended unchanged. Barring BSE Teck, BSE Oil & Gas and BSE IT, the rest of the sectoral indices ended lower. The BSE Metal index declined 1.78% at 11,801, while the BSE Bankex, the BSE Reality index, the BSE CD index and the BSE FMCG index shed around 1% each.

Among the losers, Sterlite Industries dropped 7.50% at Rs575.70, Tata Motors fell 3.68% at Rs420.40, BHEL shed 2.44% at Rs1746.95, SBI declined 1.95% at Rs1,560.55 and Ranbaxy Laboratories slipped 1.71% at Rs456.45. The other losers like DLF, Mahindra & Mahindra, Tata Power, ICICI Bank and ITC were down around 1% each. However, Maruti Suzuki India bucked the downtrend and jumped 2.10% at Rs708.20, Bharti Airtel gained 2.09% at Rs936.45, Reliance Communications advanced 1.68% at Rs405.25, Tata Consultancy Services was up 1.32% at Rs866.20 and Reliance Infrastructure added 1.18% at Rs1,070.90.

Over 2.14 crore IFCI shares changed hands on the BSE followed by Austral Coke (1.06 crore shares), Resurgee Mines & Minerals Inida (86.45 lakh shares), Reliance Natural Resources (74.30 lakh shares) and Reliance Power (58.02 lakh shares).