Taking lead from weak global markets, the Sensex was 183 points below its previous close at the opening bell. It traded lower all through the day due to selling in metal, oil & gas and power stocks. Though at one point of time, it was just 34 points below ( which is the day's high) the previous close, it never managed to cross the previous close level. The lowest of the day was 290 points below the previous close. The Sensex finally closed the day 238 points lower. Following almost a similar pattern, the Nifty ended the day 68 points lower at 4000.

Market breadth was negative, as of the 2,730 stocks traded on the BSE, around 63% shares (1,721 stocks) declined, while only 34% shares (931 stocks) advanced. The remaining 3% stocks (78 stocks) remained unchanged for the day. Of the 30 shares that make the index, 24 shares declined, while only six advanced.

All the 13 sectoral indices of the BSE traded lower, with the BSE Metal ending 5.48% lower followed by BSE Oil & Gas and BSE Power that shed 2.18% and 1.67% respectively. Metal stocks came under sharp hammering. Sterlite Industries shed 11.78% at Rs507.90, Jindal Steel fell 8.04% at Rs1,655.45, Gujarat NRE Coke declined lost 7.58% at Rs79.90 and JSW was down nearly 7.48% at Rs661.65. Among the other losers Tata Steel dipped 5.21% at Rs535, Tata Power slipped by 3.44% at Rs1,049.10, Reliance Infrastructure dropped 3.36% at Rs1,034.95, Bharti Airtel slumped 2.93% at Rs811.95 and Reliance Industries shed 2.77% at Rs2,083.55. Grasim Industries however, rose 0.85% at Rs2,046.75, ACC advanced 0.74% at Rs601.10 and Infosys moved up 0.68% at Rs1,759.15.

Over 2.12 crore IFCI shares changed hands on the BSE followed by Austral Coke (1.14 crore shares), Reliance Natural Resources (93.55 lakh shares), Kohinoor Foods (80.15 lakh shares) and Tata Teleservices Maharashtra (72.63 lakh shares).

Austral Coke was the most actively traded counter and clocked a turnover of Rs275 crore followed by Sterlite Industries (Rs212 crore), Reliance Industries (Rs204 crore), Reliance Capital (Rs184 crore) and ICICI Bank (Rs159 crore).