Sensex, Nifty end the day with modest losses; ONGC, Reliance decline

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Markets ended the day with losses following weakish global cues and worries over the escalating crisis in Iraq.

The Sensex ended the day lower by 55 points, while the Nifty declined 11 points in trade. Apart from oil and gas stocks the other set of losers from the Nifty were ICICI Bank and ITC.

Gammon Infra continued to be locked at the upper end of the circuit filter for the third straight day. The stock was up 5 per cent again in trade.

Reliance Communications ended the day flat after the launch of its QIP. Government owned Engineers India was up 4 per cent after the government granted the company a navrathna status.

India's largest real estate major, DLF saw its stocks dropping one per cent after the Competition Commission of India ordered a fresh probe into the company.

The Bank Nifty ended the day with losses after Yes Bank, PNB and Axis Bank all declined in trade.
Mid cap stocks continued to hog the limelight with notable gainers being IFCI, Mcleod Russell and Unitech. Heavyweight,

Larsen and Toubro also fell adding to losses in the Sensex and the Nifty.

Meanwhile, markets in Asia ended the day lower, while most of Europe was trading with losses, following ongoing worries over Iraq.

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