Sensex lost 176 points to close at 18,132. The markets opened at 18,298 down 10 points and touched an intra day high of 18,308 and low of 18,111.
Nifty lost 53 points to close at 5,447. Nifty opened at 5,494 down 6 points and touched an intra day high of 5,499 and low of 5,438.
FMCG and Healthcare were the only sectors that gained in the days trade. The midcap index lost 0.55% while the small cap index lost 0.59%.
A total of 1201 stocks advanced while 1641 stocks declined during the trading session today. Godrej Philips and TTK healthcare made new highs while SKS micro finance hit the circuit highs.
Once again FII's were net sellers by 170 crores while Domestic institutions invested 141 crorers.
The inflation rates widely expected rate hikes by RBI were seen to be primary reasons for damp market.
The Asian Markets were mixed with Seoul and Nikkei gaining while the rest of them were in red. The European markets were also seen weak.
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