The markets ended in red on account of weak cues from global markets and downgraded FY08 guidance from Infosys. On the back of weak guidance the entire IT pack was beaten down and was among the top losers. However,

Selective buying was seen in metal, realty, cement and construction space. Even the midcap and smallcap space was buzzing outperforming the benchmark indices.

Post Infosys results the IT stocks took it on the chin and the index is down 2.9%. In its results Infy has said that there will be pressure on the margins due to appreciation in rupee. The rupee is trading at 40.38 today.

Indiabulls Real, Parsvnath, Akruti Nirman, Mahindra Gesco are the gainers in the realty space.

Sensex closed at 14,910 down 99 points, Nifty closed at 4387 down 19 points.