Mumbai: The markets saw a bounce-back in early trade on Tuesday on the back of some support from gobal cues, but could not maintain the gains for long and traded with volatility for most part of the day before ending with modest cut.
The broader markets completely underperformed the frontline counters providing extremely negative breadth. Most of the indices were weak during the day barring metal, energy and banking.
Realty, power, consumer durables, FMCG and auto sectors were the clear laggards. On the volume front also, it was not encouraging.
The BSE Sensex ended down 22.90 points or 0.14 per cent at 16608.01, and the Nifty was down 18.75 points or 0.39 per cent at 4838.25. On BSE, about 556 shares advanced, 2411 shares declined, and 48 shares were unchanged.
BSE midcap ended down 2.24 per cent at 7058.38 and BSE smallcap closed down 2.82 per cent at 9173.68. BSE Auto index ended down 1.57 per cent at 4508.59. The BSE Bankex was up 1.26 per cent at 9867.36.
BSE capital good index closed down 1.07 per cent at 14873.21. BSE FMCG index was down 0.92 per cent at 2034.46. BSE IT index closed down 1.51 per cent at 3789.98. BSE oil & gas index was up 0.41 per cent at 9926.32. BSE power index ended down 1.40 per cent at 3366.95. BSE realty index 1.37 per cent at 9042.84.
Earlier in the morning, the Sensex had resumed firm at 16,812.63 points with a massive gain of 181.72 points from it last close of 16,630.91 points on fresh speculative demand from FIIs and domestic institutional investors (DIIs).
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