Market: Indices

The markets closed on an extremely weak note near the lowest point of the day. Sensex slipped below the 14,000 mark and the Nifty was hovering around the 4,100 levels. In terms of cues Asia was subdued except for China's Shanghai Composite which ended up around 2.5%.

Smallcap & midcaps which were holding out their gains till noon ended in red giving market an extremely negative breadth.

Oil marketing companies, telecom, banking stocks took it on their chin.However select pharma, IT and real estate stocks were relative ouperformers.

Time Technoplst closed with 56% premium despite weak markets.

The BSE Small Cap Index closed at 7,224.27 down 0.06%.

The BSE Midcap Index ended at 6,065.63 down 0.31%.