Market ends marginally in red

Mumbai: The markets ended the week on a flat note with a negative bias after seeing a strong rally during the week. Sensex couldn't touch the 18k mark and is at a shouting distance of 18,000 mark. But on weekly basis Sensex saw good gains of over 2.5 per cent.

Most of the BSE sector indices closed lower, even the broader markets were lacklustre.

Select heavies were like L&T, BHEL, Reliance and Bharti Airtel were supporting the markets at the lower levels. Buying was seen in select capital goods, telecom and oil & gas stocks.Selling pressure is seen in interest rate senstives like auto, bank and realty stocks. Even FMCG and IT stocks are trading at lower levels.

Reliance hit Rs 2,500 mark and Bharti Airtel hit Rs 1000 mark. On the macroeconomic front, inflation came in higher at 3.42 per cent versus 3.23 per cent.

Power Grid got listed at Rs 85 versus issue price of Rs 52/share, debuting with market cap of Rs 39,000 crore and closed at around Rs 100 levels.

Sensex was down 3.78 points or 0.02 per cent at 17773.36, and the Nifty down 22.80 points or 0.44% at 5185.85.

About 1071 shares have advanced, 1900 shares declined, and 69 shares are unchanged.

Top gainers on the Sensex were Larsen & BHEL up 6 per cent, ABB up over 3.5 per cent, Bharti up 4% and Reliance Comm up 2 per cent.

Top losers on the Sensex were NTPC, Tata Motors, ITC, Hindalco, Wipro and TCS. The BSE Midcap Index ended at 7,485.51 down 1.2%.

The BSE Smallcap Index ended at 9,101.87 down 0.44%. The BSE Bankex was down 2.5% at 9,177.32. Union Bank, IOB, Kotak Mahindra, Allahabad Bank, Bank of Baroda moved downwards.

The BSE Capital Goods Index was up 3% at 15,725.25. L&T, Reliance Infra, Kirloskar Bros, Greaves Cotton, Jyoti Structure closed higher

The BSE Auto Index closed at 5,356.83 down 1%. Ashok Leyland, Hind Motors, Bharat Forge, Tata Motors, TVS Motor closed higher. The BSE Metal Index closed at 14,122.36 down 2%. JSW Steel, Hindalco, Tata Steel, JindalStainless closed lower.

The BSE FMCG Index closed at 2,107.02 down 2%. Marico, Bata India, ITC, United Spirits, United Brewerie closed lower. BSE Oil and Gas Index closed up 1% at 10,109.80. Reliance, IOC, BPCL, HPCL ended in red.

The BSE IT Index was down 0.6% at 4,740.27. Satyam, HCL Tech, Infosys, Patni Computer, Wipro, TCS, Financial Tech closed higher. The NSE cash turnover was at Rs 20212.79 crore and the NSE F&O turnover was at Rs 64188.48 crore. The BSE cash turnover was Rs 7756.15 crore. Total market wide turnover was at Rs 92157.42 crore.