The benchmark indices ended lower amid volatility despite positive global cues. It was the third straight session loss for the markets. Capital goods, auto, metal, cement, power realty, technology, and oil stocks were the major laggards in today's trade. Midcaps and smallcaps also sold-off in today's trade. However, telecom stocks bucked the trend in today's session cheered on by the Tata Tele-NTT DoCoMo deal.

ONGC, BHEL, Infosys, Reliance Industries, HDFC, L&T, SAIL, Tata Steel, Tata Motors, Maruti Suzuki and Reliance Infrastructure stocks were main contributors in today's downtrend.

The Sensex closed with a loss of 150.91 points or 1.58% at 9,385.42, after hitting an intraday high of 9,836.11 and low of 9,267.49. The 50-share NSE Nifty finished the day at 2810.35, down 38.10 points or 1.34% over previous close. BSE Midcap lost 65.19 points or 1.99% to close at 3,216.08 and Small Cap Index fell 48.33 points or 1.27% to 3,765.05.

Market breadth was weak; about 1,115 shares have advanced while 1,866 shares have declined. Nearly 211 shares remained unchanged.

Among the frontliners, ACC, Tata Motors, Tata Steel, HDFC, Jaiprakash Associates, Reliance Infrastructure, Zee Entertainment and Unitech lost 4.5-9.6%. However, Bharti Airtel, Tata Power, Reliance Communication, Tata Communication, Cairn India, Idea Cellular and PNB gained 1-3%.

The BSE Capital Goods Index underperformed other indices, tumbled 306.21 points or 4.22% to finish at 6,951.32. Punj Lloyd, L&T, BHEL, Thermax and Siemens lost 3.9-5%.

Auto Index fell 102.58 points or 4.04%, to settle at 2,439.61. Tata Motors tumbled 8.49%. Maruti Suzuki, Mahindra & Mahindra and Hero Honda lost 2.6-4%.

Selling was also seen in metal space, as index slipped 168.49 points or 3.34% to 4,873.40. Tata Steel, JSW Steel, SAIL and Sterlite Industries plummeted 4-6.4%.

Power stocks like GMR Infrastructure, Suzlon Energy and Reliance Infrastructure went down 4.5-6.7%. The BSE Power Index was down by 45.62 points or 2.66% at 1,670.22.

IT Index plunged 65.02 points or 2.47% to 2,567.87. Tech Mahindra, Infosys, HCL Tech, Wipro and Satyam fell 1-5%. TCS was down 0.4%.

Realty stocks like Unitech tumbled 6.63%. Puravankara Projects, Indiabulls Real and DLF lost 1.5-3.4%. Index fell 35.11 points or 1.72%, to close at 2,011.53.

Pharma stocks like Matrix Lab fell 11%. Biocon, Cadila Health, Opto Circuits and Ipca Labs went down 4-6%. The BSE Healthcare Index plummeted 38.21 points or 1.3% to 2,905.20.

Oil stocks like ONGC and Reliance Industries fell 2.53% and 1.17%, respectively. The BSE Oil & Gas Index tumbled 65.09 points or 1.13% to 5,682.45.

Bankex was down by 31.91 points or 0.62% at 5,155.76. Kotak Mahindra Bank was down 2.35%. ICICI Bank and SBI fell half a percent each.

Among the midcap stocks, HCL Info, ING Vysya Bank, IVRCL Infrastructure, Everest Kanto and Matrix Lab lost 11-14%.

In the small cap space, Venus Remedies, Deep Industries, Sunil Hitech, Magma Fincorp and Mcleod fell 9-18%.

However, telecom stocks like Bharti Airtel, Tata Communication, MTNL, Idea Cellular and Reliance Communication gained 1.88-3%. Tata Teleservices (Maharashtra) surged 12.23% to Rs 20.19, as Japanese company, NTT DoCoMo has bought a 26% stake in TTSL (parent company of TTML) – India's fifth largest telecom player – for $2.7 billion. DoCoMo is going to make an open offer to acquire up to 20 per cent stake in Tata Teleservices Maharashtra (TTML).

FMCG Index gained marginally by 1.34 points at 1,906.68. United Spirits, Tata Tea, Marico, HUL, Dabur India and ITC ended in green.

Total traded turnover stood at Rs 55,927.19 crore on the last day of the week. This includes Rs 10,767.27 crore from NSE Cash segment, Rs 41,483.17 crore from NSE F&O and the balance Rs 3,676.75 crore from BSE cash segment.

On the weekly basis, the Sensex ended down 5.5% and the Nifty closed down by 5.2%. BSE Capital Goods Index tumbled 9% wherein Suzlon fell 22%, and BHEL and L&T lost 8.5% each. BSE Auto Index was down 8.5%; Tata Motors fell 13% and Maruti lost 11%. Among the heavyweights, Reliance Industries slipped 5% and ONGC lost 5.5%.

Asian markets are trading higher. Nikkei and Hang Seng rose 3.5-4%. Shanghai, Taiwan, Jakarta and Straits Times jumped 1-2%. Kospi rose 0.5%.