Resuming marginally higher at 20903.00 from its previous close of 20873.33, the Sensex slipped into negative zone and touched the day's low of 20701.49 in early trade. Though, the benchmark Sensex recovered smartly to hit an all-time intraday high at 21113.13 in late-afternoon trade, it failed to sustain the gains and finally settled almost flat on heavy profit booking in the late trade.
The market experienced a very active session today as the barometer index, Sensex, swung at a differece of more than 400 points before ending almost flat, traders said.
Similarly, the Nifty index on National Stock Exchage (NSE) touched an intraday high at 6338.30, and gained more than 100 points from its day's low of 6231.25 late afternoon. It shed the gains to end with a loss of 15.30 points at 6272.55 from its previous close of 6287.85 in late trade.
Majority of the sectoral indices on BSE including Auto, Bankex, Consumer Durables, Capital Goods, Metal, and FMCG ended the day in negative zone. However, IT stocks ended the day in the green zone.
BSE Mid-Cap and Small-Cap indices underperformed the Sensex. The market breadth was weak on BSE which clocked a turnover of Rs 9610 crore, lower than Rs 11870 crore on the previous day.
The BSE Mid-Cap index was down 0.48 per cent to 9769.58 while the BSE Small-Cap index was down 1.18 per cent to 13356.10. Both these indices underperformed Sensex.
The US markets, meanwhile, plunged heavily yesterday. The European markets were weak while the Asian markets were strong enough today.
The market breadth was weak on BSE with 758 shares advancing as compared to 2138 that declined while 25 remained unchanged. As many as 19 stocks from the Sensex pack were in the red. Frontliner Reliance Communications was up 3.02 per cent. HDFC was up 5.83 per cent and Grasim Industries rose 2.33 per cent. Reliance Industries declined 0.67 per cent while ICICI Bank declined 1.73 per cent.
Capital goods stocks declined. Bharat Heavy Electricals was down 2.22 per cent, Larsen &Toubro fell 0.24 per cent, and Suzlon Energy dipped 1.26 per cent to Rs 2,245. Auto stocks also suffered losses, and Tata Motors, Bajaj Auto and Hero Honda were marginally low, while Maruti Suzuki India fell 2.52 per cent. Mahindra&Mahindra declined 2.67 per cent after the company said Mahindra Holidays&Resorts India (MHRIL), a leisure hospitality provider offering family holidays, has finalised a 2 per cent private placement deal with the State Bank of India for a consideration of around Rs 80 crore.
Among the FMCG majors, ITC was down 1.6 per cent and Hindustan Unilever was marginally low.
Among the metal stocks, Tata Steel was down 0.43 per cent and Steel Authority of India fell 0.78 per cent. Hindalco Industries rose 1.22 per cent and Sterlite Industries too climbed 0.73 per cent.