The markets ended in the red amid a highly volatile session. Rest of the Asia also ended with a deep cut. The breadth was in favour of the declines. Selling was seen in cement realty, capital good, auto and metal stocks. FMCG index managed to hold up in green.

Rupee has weakened little bit against and was quoting at Rs 40.31 versus USD. Market breadth was roughly 4:1 in favour of declining stocks on BSE.

Cement stocks are among the top losers on MRTPC probes in cement companies on any cartelisation issues.

ITC was up over 8% at Rs 164.80; CLSA has upped its ITC price target to Rs 184; upgrades to buy from underperform.

ITC, Infosys, HUL, ONGC, Bharti Airtel, NTPC, Reliance Energy and SBI are among the top gainers on the indices.