Due to weak global cues the Sensex open with a steep loss at 16,318 and made a low of 16,187. Buying at lower levels and short-covering by short traders saw the index move up to a high of 16,487 - an intra-day swing of 300 points. The Sensex finally closed with a loss of 74 points (0.45%) at 16,446.
The BSE Realty index was down nearly 2%. Over all trend was bearish - out of over 2,880 scrips traded, more than 2,000 declined.
ITC, which reported Q4 numbers in line with expectations, gained 3% at Rs 271. M&M was up over 3% at Rs 539.
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