Closing Bell !!!!!........Markets closed marginally lower amid a choppy session

Markets closed marginally lower amid a choppy session on Monday. This was despite positive global cues. The Sensex/Nifty remained in negative terrain due to a sharp fall in heavyweight Reliance Industries post its second quarter earnings.

While the BSE Sensex finally closed 57.6pts or 0.34% lower at 17,025.09, the Nifty lost 14.05pts or 0.27% to close at 5,118.25. Broad market indices ended on a mixed note. While the BSE Midcap index shed 0.01%, the BSE Small Cap index gained 0.22%. Market breadth was negative as the A/D ratio was 0.92:1 on the BSE. NSE cash turnover was Rs.8,643crs. Vs. Rs.9,930crs. in the previous session.

The sectoral indices ended with a mixed bag. While the top gainers were the BSE Auto, CD and Bankex indices, the top losers were the BSE Oil and Gas, Capital Goods and Power indices. The top gainers from the BSE 30 were Tata Motors, Maruti, DLF and Sterlite. The top losers were Reliance, NTPC, JP Associates and BHEL.
The 5169-5198 Nifty resistances continue to remain crucial resistances to watch in the coming sessions. A failure to move above these resistances could see the Nifty continuing to trade within the 4720-5198 levels.

On the global front, Asian markets closed 1-2% higher while Shanghai rose just 0.4%. European markets were up more than 0.6%, at the time of closing of Indian equities