The markets ended with marginal losses amid a rangebound session after six consecutive sessions of positive close. Selling pressure was seen in banks, metal, capital goods and some power and oil stocks. However, realty and some technology stocks were still witnessing buying interest. The Nifty closed above 5000 mark for the third consecutive session. Market breadth was sightly in favour of the declines. Even the broader markets closed flat.

BHEL, ICICI Bank, Tata Steel, HDFC Bank and SAIL were major draggers while movers - Wipro, ACC, M&M, Unitech, Infosys and Cairn India.

Textile stocks were star performers, Arvind Mills was up over 12%, S Kumar Nationwide up 6%, Alok Industries up 8%.

Sensex closed down 85.83 points or 0.51% at 16698.04, and the Nifty down 26.50 points or 0.52% at 5022.80.

About 1486 shares have advanced, 1373 shares declined, and 219 shares are unchanged

The BSE Midcap Index ended at 6,699.10 up 1.4%.

The BSE Smallcap Index ended at 8,351.14 up 1.8%.

The BSE Bankex ended at 8,552.46 down 2%. HDFC Bank, ICICI Bank, Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards.

The BSE Capital Goods Index closed down 1% at 13,770.97. BHEL, L&T, Astra Microwave, BEML, Crompton Greave, Thermax, Greaves Cotton, Areva T&D closed lower.

The BSE Auto Index closed at 4,579.55 up 0.7%. Escorts, TVS Motor, Amtek Auto, Cummins, Punj Tractors, MRF closed higher.

The BSE Metal Index closed at 15,548.10 up 0.1%. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed higher.

The BSE FMCG Index closed down 0.4% at 2,372.14. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower.

BSE Oil and Gas Index closed at 11,382.82 down 0.8%. GAIL, Reliance Natura, HPCL, RPL,ONGC, Reliance, ONGC ended in red.
 
BSE power index closed at 3,299.90 down 0.5%. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in red.

The BSE IT Index was up 1% at 3,982.85. Wipro, I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed higher.

The NSE cash turnover was at Rs 14823.99 crore and the NSE F&O turnover was at Rs 52107.86 crore. The BSE cash turnover was Rs 6314.76 crore. Total market wide turnover was at Rs 73246.61 crore.

Asian markets have given up some gains but still trading higher. Shanghai Composite was up 3.08% or 97.06 points at 3,244.86. Hang Seng went up 0.87% or 216.40 points at 25,155.55. Japan's Nikkei was up 0.90% or 122.39 points at 13,670.21. Straits Times rose 0.46% or 14.58 points at 3,201.81. Seoul Composite was up 1.01% or 18.09 points at 1,805.58. Taiwan Weighted went up 20.95 points or 0.23% at 9,058.20.