After scaling a new peak of 13,075.85 in early trade, the Sensex fluctuated erratically before ending 62.36 points down at 12,961.90.
MUMBAI: Market ended its three-day winning streak on Tuesday with the benchmark index, Sensex settling below the 13,000 milestone in a volatile trading session despite Reserve Bank's decision to keep interest rate steady and buoyant global cues.
After scaling a new peak of 13,075.85 earlier in the trading session, the Sensex fluctuated erratically during the day before ending 62.36 down at 12,961.90, from Monday's close of 13,024.26.
The National Stock Exchange's Nifty index also moved down by 25.00 points or 0.66 per cent to 3,744.10 from previous close of 3,769.10.
Notwithstanding, strong FII inflows, retail investors booked profits at the market's dizzy heights after the Sensex hit a new peak in early trade, while some corporates released a mixed bag of financial results during the session, stock brokers said.
Foreign Institutional Investors reported net inflows of Rs 915 crore in the cash segment on October 30, as per provisional numbers on the NSE web. They were heavy buyers in the futures and options on October 27 and 30 as well.
RBI's decision to keep interest rates unchanged is considered healthy for the capital market, particularly for banking sector, but this failed to lift the investors' sentiments, the brokers added.
In Asian markets, Japan's Nikkei registered a rise of 47.54 points, Hong Kong's Hang Seng by 26.80 points and Korea's Kopsi by 8.44 points.
Key stocks like RIL, HDFC Bank, Infosys Tech, Tata Motor, Tata Steel, Wipro, ICICI Bank and Bharti Airtel recorded sharp losses.
The market breadth was negative with 1,676 losers against 846 gainers of the total 2,582 traded scrips.
The trading volume rose remarkably to Rs 4,413.54 crore from Rs 3,715.86 crore on Monday. Jaiprakash Ind clocked the highest turnover of Rs 242.60 crore followed by Hind Zinc (Rs 208.06 crore), Tech Mahindra (Rs 164.08 crore), Tata Motors (Rs 98.36 crore) and RIL (Rs 89.70 crore).
The broad-based BSE-100 Index fell back by 24.60 points to 6,603.60 from previous close of 6,628.20.
The BSE-200 Index and the Dollex-200 were quoted down at 1,560.68 and 576.96 at close compared to previous close of 1,567.16 and 579.10 respectively. The BSE-500 Index dropped by 21.65 points to 4,957.37 from last close of 4,979.02 and the Dollex-30 ended lower at 2,362.98 from 2,373.30.
RIL dipped by 6.55 to 1226.20, Reliance Comm by 14.60 to 378.95, HDFC Bank by 20.55 to 1004.05, ICICI Bank by 8.60 to 776.85, Tata Steel by 7.90 to 490.45, Wipro by 17.25 to 538.15 BHEL by 24.75 to 2414.80, Bajaj Auto by 48.15 to 2751.05, Tata Motor by 24.15 to 827.05, Bharti Airtel by 11.80 to 530.15, ACC by 11.90 to 967.80, Infosys Tech by 29.25 to 2094.80 and REL by 8.10 to 483.45.
However, HDFC shot up by 18.95 to 1470.50, Hero Honda by 10.35 to 756.15, HLL by 4.85 to 233.60, Satyam Computers by 10.20 to 440.55, L&T by 13.75 to 1312.80, Grasim by 13.30 to 2748.15, Hindalco by 1.45 to 189.40, ITC by 2.35 to 189.85, Maruti Udyog by 8.05 to 968.55 and ONGC by 11.05 to 815.70.
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