Markets ended in negative terrain after trading with extreme volatility through the day. Sell off in oil & gas, metal, power, auto, cement, FMCG and realty stocks has put pressure on frontline indices. Weak Asian and European markets also fueled to negative sentiments. Markets had opened flat in early trade and remained rangebound but in last one hour of session, both indices traded lower.

The Sensex has touched an intraday high of 14,824.92 and low of 14,600.65, before closing at 14,645.66, down 78.52 points or 0.53%. Nifty slipped below 4400 and closed at 4393.05, down 37.65 points or 0.85%. It has hit a high/low of 4447.40 and 4379.85, respectively.

Amongst frontliners, GAIL plunged 5.56%, Ambuja Cements -5.32%, Hindalco -4.53%, Grasim Ind -4.52%, ABB -3.36%, Reliance Communication -2.71%, M&M -2.56% and ACC -2.52% while HDFC gained 3.12%, Dr Reddys Labs 2.49%, HDFC Bank 2.14%, Satyam 1.75%, L&T 1.29% and TCS 1.24%.

Oil & Gas index underperformed other indices, fell 200.44 points or 1.97% at 9,996.61 led by selling in GAIL, HPCL, Reliance Petro, Essar Oil, Aban Offshore, BPCL and Reliance Ind, which lost 2-5.5%.

Metal stocks like Hindalco, Shree Precoated, Ispat Industries, Jindal Saw, SAIL and Tata Steel plunged 2-4.5%. Index ended with a loss of 229.73 points or 1.82% at 12,364.17.

Power Index slipped 40.28 points or 1.52% at 2,608.35 due to sell off in Suzlon Energy, Torrent Power, Reliance Power, Tata Power, Reliance Infra, Power Grid Corp and GMR Infra.

Auto Index was down 50.39 points or 1.28% at 3,882.66 as selling was seen in Amtek Auto, M&M, Tata Motors, Bharat Forge, Apollo Tyres, Ashok Leyland and Maruti Suzuki.

FMCG stocks like United Spirits, Marico, Tata Tea and ITC have lost ground. Index fell 0.70% at 2,178.20.

Realty stocks also went down, which include Phoenix Mills, Omaxe, Peninsula Land, HDIL, Sobha Developer, Parsvnath and Unitech. Index slid by 0.62% at 5,131.61.

Capital Goods Index fell 0.41% at 12,088.57 on the back of sell off in AIA Engineering, ABB, Crompton Greaves, Jyoti Structure, Siemens and Kalpataru Power.

Healthcare Index lost 0.34% at 4,267.34. Glenmark, Matrix Lab, Orchid Chemical, Apollo Hospital, Ranbaxy Labs and Aurobindo Pharma took huge beating.

Bankex fell 0.25% at 6,885.37. Bank of India, Union Bank, Kotak Mahindra, Andhra Bank, Allahabad Bank, IndusInd Bank, Axis Bank, ICICI Bank and Federal Bank fell 1.2-2.7%.

BSE Midcap ended with a loss of 0.71% at 5,781.80 and Small Cap Index lost 1.04% at 7,036.61. Amongst midcap stocks, India Infoline, Bombay Dyeing, Ashapura Mine, Emami, Essar Shipping, Sintex India and Prism Cement slipped 5-6%.

In the small cap space, SEL Manufacturing, Themis Medicare, Kalyani Steels, Nahar Industria and Wire & Wireless lost 6-20%.

However, IT Index gained 0.75% at 3,926.38. IT stocks like Rolta, Satyam, TCS, Infosys and Wipro have jumped up.

Most active shares on the bourses were Reliance Industries, ICICI Bank, SBI, L&T and HDFC.

Market breadth was negative; about 932 shares have advanced while 1678 shares declined. Nearly 552 shares remained unchanged.

Total turnover traded in markets was very low at Rs 52,863.98 crore. This includes Rs 9346.86 crore from NSE Cash segment, Rs 39680.22 crore from NSE F&O and balance Rs 3,836.90 crore from BSE Cash segment.

Asian markets closed weak barring Nikkei. Shanghai fell 5.34%, Hang Seng -1.09%, Jakarta Composite -1.02%, Straits Times -0.73%, Kospi -0.28% and Taiwan Weighted -2.72%. However, Nikkei gained 1.12%.