New Delhi: In a disappointing close, the markets on Wednesday ended in red.
The markets spent most of the day langusihing around the previous close but slipped in the red during the final hour of trade.
The benchmark Sensex ended lower by over 90 points on the Bombay Stock Exchange on emergence of profit selling by funds in heavy-weight stocks.
The cues from global markets were also not very encouraging as well as most of the Asian markets closed flat.
The 30-share index, Sensex, which commenced the day higher, moved down to close with a loss of 90.46 points at 14,363.26, after moving between 14,500.64 and 14325.89 points.
The second wide-based National Stock Exchange index Nifty lost 31.90 points at 4246.20. It moved between 4291.40 and 4231.05 points during the day.
Auto, FMCG, oil & gas and banking stocks were among the major losers on the indices.
The selling pressure was heavy, which eroded prices of almost all the segment shares, barring some metal stocks.
However, select buying interest was seen in metal and capital good stocks. Even the midcap and smallcap indices closed in red inline with the frontline indices giving market a negative breadth.
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