At 9:56 am, Sensex was down 388 points at 17,170 and Nifty was down 140 points at 5075. Major losers were BHEL, Cipla, Reliance Communications, Reliance Energy, Reliance Petroleum, L&T, Suzlon, Tata Power. Market breadth was negative with nearly 200 stocks on the advancing side and over 900 stocks on the down side on NSE.

Eventually, the day ended flat, and Nifty closed in the red down 31.30 points or 0.60 per cent at 5184.00, but the Sensex maged to closed in the green and was up 54.01 points or 0.31 per cent at 17613.99.

Broader markets outperformed the benchmark indices. Cues from other equity markets were extremely negative. Asia was seen struggling and ended in red down over 2 per cent. Europe has opened weak and most of the Europe is down 1 per cent-2 per cent. US markets housing data was weak giving negative signals for US stock markets.

Selective buying was seen in cement, power, capital goods, banking and FMCG stocks. Realty, IT, telecom, metal and consumer durables were under pressure.

Heavyweights like Bharti, SAIL, TCS, ABB, HDFC and Tata Steel were among the major losers on the indices.

About 1480 shares have advanced, 1486 shares declined, and 87 shares are unchanged.

• The BSE Midcap Index ended at 7,263.41 up 0.3 per cent.
• The BSE Smallcap Index ended at 8,851.47down 0.6 per cent.
• The BSE Bankex was up 2 per cent at 9,029.09. Yes Bank, ICICI Bank, SBI, Union Bank, Oriental Bank moved upwards.
• The BSE Capital Goods Index was up 1 per cent at 15,568.76. Reliance Infra, Lakshmi Machine, L&T, Kalpataru Power,Thermax ended higher.
• The BSE Auto Index closed flat at 5,301.00 down 2 Exide Industrie, Maruti Suzuki, TVS Motor, Bajaj Auto, Punj Tractors closed lower.
• The BSE Metal Index closed at 14,432.72 down 0.3 per cent. SAIL, Shree Precoated, Tata Steel, NALCO closed lower.
• The BSE FMCG Index closed at 2,045.03 up 1 per cent. United Spirits, United Brewerie, Marico, ITC, Britannia closed higher.
• BSE Oil and Gas Index closed at 10,079.97 down 1.5 per cent. Reliance, GAIL, HPCL, Petronet LNG, Reliance Natura ended in red.
• The BSE IT Index was at 4,619.17 down 1.4 per cent. Tech Mahindra, TCS, Satyam, HCL Tech ended lower.