After much strugggle, the Nifty closed the day below the 5900 mark at 5881 down 40.40 points while the Sensex ended down 71.90 points at 19447.59. About 1018 shares have advanced, 1316 shares declined, and 181 shares are unchanged.
Indian equities slipped into red in late trade, weighed down by banks, metals and capital goods stocks. Index heavyweight Reliance Industries too turned lower, losing 0.3 percent. Dr Reddys Labs has touched a fresh record high of Rs 2,199 on Bombay St.
Benchmarks bounced back with the BSE Sensex gaining 50 points, helped by TCS that rallied over 2 percent. Hero Motocorp, Wipro and Tata Power gained 1 percent each. But ITC trimmed losses to 0.3 percent from 0.8 percent.
The market is unable to gather strength as investors look cautious. Opening on a flat note, the Sensex is down 30.72 points at 19488.77, and the Nifty is down 21.35 points oat 5900.05. About 129 shares have advanced, 106 shares declined, and 30 shares .