The markets ended the day near the lowest point of the day. They were weak from the word go. All of Asia also ended in red but Indian markets were more weak than the other markets. The broader markets also ended in negative terrain but the frontliner indices have under performed the midcap and smallcap index. The Nifty slipped below the 4100 mark and the Sensex below the 14000 levels. The market breadth was in favour of the declines.

On the results front, Bharti Airtel came in with inline set of numbers but gave a positive surprise on the margin front by showing an expansion of 150 bps. Bharti will sustain the higher margin of 40% and have increased their capex at Rs 3.5 billion.

In the pharma sector Ranbaxy also gave better than expected numbers and Cipla was the top loser on the back of weak numbers it posted yesterday.

Sensex ended down 320.30 points or 2.25% at 13908.58, and the Nifty down 94.35 points or 2.26% at 4083.5.

About 785 shares have advanced, 1664 shares declined, and 68 shares are unchanged

The BSE Small Cap Index closed at 6,941.48 down 1.08%.

The BSE Midcap Index ended at 5,733.53 down 0.9%.

The BSE FMCG Index lost 1.1% at 1,821.21. Tata Tea, HLL, United Spirits, Britannia, Dabur India closed in red.

The BSE Metal Index was down 2.3% to close at 9,726.49. Tata Steel, Sterlite Ind, Guj NRE Coke, Mah Seamless, Hind Zinc were among the losers

The BSE Health Care Index was down 3.9% at 3,696.05. Cipla, Glenmark, Sun Pharma, Orchid Chemical, Aventis Pharma closed lower.

The BSE Capital Goods Index was down 0.7% at 9,824.09. KEC Infrastructre, Alstom Projects, HEG, Ingersoll Rand, Larsen, Dredging Corp ended lower

The BSE Auto Index closed at 4,944.55 down 0.7%. Asahi India, Tata Motors, Exide Industrie, Hero Honda were among the losers.

The BSE IT Index closed at 4,953.94 down 0.1%. Moser Baer, Mphasis, TCS, Hexaware Tech ended weak.

The BSE Bankex was down 2.3% at 7,086.88. SBI, ICICI Bank, UTI Bank, Bank of India, PNB, Union Bank closed lower.

The BSE Oil and Gas Index closed at 7,077.96 down 3%. Reliance, ONGC, Reliance Natural, HPCL, GAIL ended in red.

The NSE cash turnover was at Rs 8212.46 crore and the NSE F&O turnover was at Rs 28172.44 crore. The BSE cash turnover was Rs 3753.36 crore. Total market wide turnover was at Rs 40138.26 crore.

Market This week:

• Markets end flat; down nearly 500 points from weeks high of 14,383.7
• Sensex ends flat at 13908.58; Nifty ends flat at 4083.5
• BSE Bank Index up 2.5%; SBI Up~2.5%, OBC Up 10.8%, PNB Up 4.4%
• BSE Auto Index up 2.34%; Tata Mot~Up 3.6%, Hero Honda, M&M Up 2.5%
• Index Gainers: Siemens Up 9.5%, Zee Ent up 7.9%, ~Ranbaxy, ABB Up 7.5%
• BSE IT Index Down 2%; Infy Dn 2.5%,~Satyam Down 1.78%
• Index Losers: MTNL Down 8.34%,~Bharti Airtel Down 2.28%
• CNX Midcap Index Up 0.6%, led by mid cap banking & construction stocks
• Indian Bank up 18.5%, Vijaya Bank up 12%, UCO Bank up 6%
• Orbit Corp up 14%, Indiabulls Real Estate up 12.4%, IVRCL up 11.4%
• BSE Small Cap down 0.5% at 6941.48

Markets today:

• 
  Market correct on 1st day of fresh series; inflation still above 6%
• Sensex down 2.25% or 320 points at 13908.58
• Nifty down 2.26% or 94.35 points at 4083.5
• All BSE Sectoral indices end in the red
• BSE Healthcare Index down 3.93%; Cipla down 14.3% on disappointment results
• BSE Oil & Gas Index down 3%; RIL down 3.6%, ONGC down 3.34%
• Index Losers; Bharti Airtel down 4.27%, Tata Steel down 4.15%, SBI down 3.8%
• CNX Midcap Index down 0.89% or 46.5 points; realty & construction stock lose
• Orbit Corp down 11%, HCC down 6.32%, Unitech down 5%, Indiabulls Real Estate down 4.5%
• BSE Small-cap Index down 1.08% or 75.84 points
• Emkay Shares down 12.27%, Genus Overseas, GHCL, Pyramid Saimira down 10% each
• NSE Advance Decline ratio at 1:3
• Total market turnover at Rs 40138.26 cr