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After a spectacular rally, the Indian bourses shed 189 points on the back of profit booking.
The Sensex opened flat at 17,336 and soon drifted into the red as investors booked profit after Monday's 500 point rally.
The index kept on falling deeper into the red owing to weakness in the metal and the realty stocks. The BSE benchmark index attempted a partial recovery backed by HDFC Bank and Larsen & Toubro.
However negative opening on the European bourses and uncertainty whether the relief package would be able to bail out Greece from its crisis acted as a negative indicators.
The Sensex finally ended at 17,141, down 189 points. The NSE Nifty finally settled 57 points lower at 5,136.
The market breadth was extremely negative. out of 2,950 shares traded, 1,750 declined and 1,091 advanced on the BSE.
The midcap and the smallcap indices slipped 1% each on the BSE.
Piramal Healthcare and Bajaj Hindustan slipped around 7% each on the midcap index.
Panoramic Universal and Kemrock Industries declined 10% each on the smallcap index.
All the sectoral indices ended in the red, metal and the realty indices were the prominent losers on the BSE, down 2.5% each.
Index losers...
Reliance Infrastrcuture and Reliance Communications shed 5% each to Rs 1,110 and Rs 147, respectively. Tata Steel, Hindalco Industries and Bharti Airtel were down 3% each.
The other major losers were DLF, Sterlite Industries, Grasim Industries, TCS and Maruti, down 2-3% each.
...and the index gainers
Mahindra & Mahindra and HDFC Bank were up 1% each at Rs 562 and Rs 1,947, respectively.
Value & volume toppers
Tata Steel topped the value chart on the BSE with a turnover of Rs 159.33 crore. It was followed by Reliance Industries (Rs 141.28 crore), SBI (Rs 111.16 crore), RNRL (Rs 88.91 crore) and ICICI Bank (85.58 crore).
RNRL led the volumes chart on the BSE with trades of 17.37 million shares. It was followed by Talwalkar (16.65 million), Birla Power (15.01 million shares), IFCI (10.91 million) and Suzlon Energy (5.65 million shares).
