Weak global cues witnessed our Indian market trade under pressure throughout and it closed with huge losses therefore, snapping a four-day rally. Metals, banks and realty witnessed major sell-off, thus weighing the indices down. Sensex shut shop at 16572, down 372 points and Nifty at 4970, down 116 points from the previous close. CNX Midcap index was down 1.3% and BSE Smallcap index was down 1%. The market breadth was negative with advances at 350 against declines of 918 on the NSE. Top Nifty gainers were Maruti Suzuki, Sun Pharma and Cipla while losers included JP Associates, Sterlite Industries and Unitech.
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