Mumbai: The market closed lower on profit booking on Tuesday after rallying more than 300 points on the Sensex in earlier session.
The Sensex declined 76.62 points to 21,249.80, and the Nifty lost 31.10 points 6,332.80. About 979 shares have advanced while 1450 shares declined on the BSE.
Among midcaps, Ruchi Soya , Linde India , WABCO India , Lakshmi Machine and Oberoi Realty rallied 5-7 percent while Kirloskar Oil , Sadbhav Engineering , Edelweiss Financial, Torrent Power and ILandFS Transporation fell 5 percent each.
In the smallcap space, Swan Energy , EIH Associated Hotel, Binani Industries and Sasken Communications surged 11-16 percent. However, Techno Electric , Shree Global, Gujarat Industries Power, Ashapura Minechem and Somany Ceramics lost 5-7 percent.
The BSE benchmark Sensex had declined over 49 points in early trade as funds and retail investors booked profits after recent gains amid weak trend at other Asian bourses.
The 30-share index, which had gained 617.71 points in the previous three sessions, fell by 49.33 points, or 0.23 per cent, to 21,277.09 with power, PSU, capital goods, realty, auto and banking sector stocks coming under pressure.
In a similar fashion, the National Stock Exchange index Nifty shed 15.35 points, or 0.24 per cent, to 6,348.55. Brokers said besides profit-booking by participants after three sessions of gains, a weak trend at Asian bourses led to the decline in the benchmark Sensex.
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