Going down and down, Indian markets slip for yet another trading session. Concerns over implications of political uncertainty in Greece continued to weigh on market sentiments across the globe. Domestic indices started the day higher and were range bound till mid-session but it was in the second half that the markets slipped below the flat line following weakness in European markets. Further selling by FIIs and expected industrial slowdown has dampened sentiments. Market breadth turned negative as on BSE, 1,548 shares declined and 1,302 shares gained.
The BSE Sensex touched an intraday high of 16,671 and a low of 16,377 before it ended 0.4% or 59 points to close at 16,420. Mid cap stocks ended flat while the small cap stocks slipped in line with the large cap counterparts. Both the BSE Mid-cap and BSE Small-cap indices ended 0.1% higher and 0.2% lower respectively. The S&P CNX Nifty fell 0.2% lower at 4,965 points.
Barring the BSE Oil and Gas and CD indices, all the sectoral indices ended lower. The top losers were the BSE Metal, Power, Auto and Healthcare indices.
Of the 30 stocks, 20 stocks declined while the others rose. Maruti, Jindal Steel, SBI, Hero Motor and Sterlite Industries were the top five losers which fell between 1.5% to 3.5%. ON the contrary, DLF, BHEL, ONGC, M&M and Cipla were the top five gainers which grew by 2.3%, 1.5%, 1.3%, 0.9% and 0.9% respectively.
As per the data released by SEBI, foreign institutional investors (FIIs) were net sellers in equity to the tune of Rs 357 crores. Similarly they were net sellers in debt segments to the tune of Rs 230 crores.