Markets slipped sharply lower from days high and ended marginally in green as sell off was seen in metal, power, oil and capital goods. But realty, banking, FMCG, telecom, select technology and auto stocks were supportive for frontline indices. Midcap and small cap stocks also witnessing selling pressure.

The Sensex lost over 220 points and Nifty over 63 points from days high of 14,672.69 and 4398.80, respectively. Sensex closed at 14,450.35, up 48.86 points or 0.34%. Nifty ended with a gain of 7.9 points or 0.18% at 4,335.35. BSE Midcap Index rose just 0.25% at 5,741.21 and Small Cap Index closed flat at 6,922.25.

Frontline indices had opened strong following positive global cues as crude declined by USD 7 to USD 114 a barrel, and traded in positive terrain for first half of session. But second half remained weak for markets as European markets were down and profit booking happened in metal, power and oil stocks.

Amongst frontliners, Zee Entertainment gained 4.52%, HDFC 3.63%, M&M 2.62%, DLF 2.32%, Tata Motors 2.04%, ICICI Bank 1.95% and Satyam 1.79%. However, Suzlon Energy lost 4.37%, Tata Power -2.84%, Jaiprakash Associates -2.74%, ABB -2.17%, Ranbaxy Labs -2.05%, BHEL -1.60% and Tata Steel -1.49%.

Realty Index outperformed other indices, gained 98.79 points or 2% at 5,043.52. Indiabulls Real, Akruti City, Mahindra Life, Puravankara Projects, DLF, Sobha Developer and Unitech have jumped up.

Banking stocks like Bank of Baroda, Yes Bank, IOB, Union Bank, Kotak Mahindra, IDBI Bank, ICICI Bank and PNB were up 1.5-4%. Bankex rose by 89.96 points or 1.35% at 6,745.72.s

Telecom stocks like Idea Cellular, Reliance Communication and Bharti Airtel were also on buyers radar.

FMCG Index was 0.69% at 2,178.46 due to buying in Rei Agro, Nestle, United Spirits, ITC and Dabur India.

Auto Index ended with a gain of 0.69% at 3,865.85 as buying was seen in Apollo Tyres, Cummins, M&M, Tata Motors and Hero Honda.

IT stocks like Mphasis, Financial Tech, Satyam, HCL Tech, I-Flex Solution, Wipro and Infosys have gained. Index rose 0.66% at 3,862.43.

However, metal, power, capital goods and oil stocks were dragging the markets. Amongst metal stocks, Hind Zinc, Guj NRE Coke, Ispat Industries, Tata Steel, Sterlite Industries, Sesa Goa, JindalStainless and SAIL ended in red. Index fell 120.56 points or 0.98% at 12,243.37.

Power stocks like Suzlon Energy, Tata Power, Torrent Power, GMR Infra, GVK Power and Reliance Power plunged. Index lost 0.95% at 2,573.16.
 
Capital Goods Index was down by 67.87 points or 0.57% at 11,857.49 due to selling in ABB, BHEL, Areva T&D, Alstom Projects, Kirloskar Oil, Havells India, Praj Industries and Punj Lloyd.

Oil & Gas stocks like Aban Offshore, RNRL, Reliance Petroleum, Essar Oil, Cairn India, Reliance Industries and ONGC were down. Index fell 0.57% at 9,885.19.

Healthcare Index tumbled marginally by 0.13% at 4,291.85. Glenmark, Ranbaxy Labs, Bilcare, Divis Labs and Apollo Hospital lost ground.

Market breadth was slightly positive; about 1,438 shares have advanced while 1,398 shares declined. Nearly 331 shares remained unchanged.

Reliance Industries, Tata Steel, L&T, Ranbaxy Labs, ICICI Bank and HDFC were most active shares on the bourses.

On the stock specific, Suzlon Energy fell 4.27% at 216.45 as the company is facing complaints from customers over technical problems with turbines. MSPL says, "The machines are not fit to handle the wind", reports CNBC-TV18 quoting agencies.

Ranbaxy Laboratories slipped 2.05% at 512.10, as Daiichi-Ranbaxy deal will be referred to cabinet panel-MoF Executives, reports CNBC-TV18 quoting DJ. Cabinet will mull Ranbaxy deal as it is above FDI cap of Rs 600 crore. Daiichi had earlier taken approval for investment of Rs 104.63 crore.

Volumes were very low today. Total turnover traded in markets stood at Rs 56,686.76 crore. This includes Rs 7,461.38 crore from NSE Cash segment, Rs 45,979.13 crore from NSE F&O and balance Rs 3,246.25 crore from BSE Cash segment.

Asian markets ended higher. Shanghai, Jakarta Composite, Straits Times and Kospi gained 0.35% each. Hang Seng rose 3.5%, Nikkei 1.68%, and Taiwan Weighted 1.72%.