Benchmark indices ended the day lower in volatile trade. The markets were weighed by consumer durables, metal, healthcare, capital goods came under heay selling pressure.
The Sensex ended the day lower by 32 points, while the Nifty down by 12 points in trade.
The bullish sentiments was seen in IT stocks with Infosys, TCS, Wipro and HCL tech all rallying in trade. Leading the set of gainers from the Sensex and Nifty was HDFC which surged a huge 3 per cent in trade on sustained buying.
Most of the other heavweights like Coal India also gained ground. HDFC Bank was higher after a offering of shares to raise additional capital.
PSU banking stocks, however, were subdued with Oriental Bank of Commerce, Bank of Baroda and Union Bank among the losers.
Canara Bank was ended sharply lower after the stock was downgraded by a brokerage firm. Shares in Petronet LNG lost ground after the results of the company lagged estimates.
Midcap stocks also lost ground in trade with Reliance Power and Reliance Infra among the losers in trade. However, Jubilant Foodworks was sharply higher after select buying in the stock.
Meanwhile, markets across Asia ended the day lower, while most of Europe was trading flat.