Weak global cues pushed the benchmark index to end lower at 16,693 down 88 points after trading in the range of 16,812 - 16,613. Nifty ended 27 points lower at 4,958. The breadth of the market was however positive as the BSE midcap and smallcap indices ended 0.65 % and 0.9 % higher. Among the sectors, the metal index slid over 2 %. Banking and IT indices were 1 % lower each. However, the healthcare index however soared over 5 %.

For the week, the Sensex finished 0.3 % lower.

Pharma stocks bucked the trend today. Dr Reddys Labs shot up 10.50%. Orchid Chem, Aurobindo Pharma, Biocon, Sun Pharma, Ranbaxy Labs, Glenmark and Cipla were up 3-9%.

Oil & gas stocks like IOC, HPCL, Reliance Industries, BPCL, Cairn India and ONGC were up 0.8-1.7%.

Banking stocks witnessed selling pressure. ICICI Bank tumbled 2.5%. SBI, HDFC Bank, PNB and Axis Bank were down 0.4-0.9%. While IDBI managed to gain 7.5% at Rs. 124.

In the metal space, Tata Steel, SAIL, Jindal Steel, Hindalco and Sterlite Industries fell 1.5-3%.

Select reality stocks witnessed some buying interest. Indiabulls Real rose 1.59% and DLF gained 0.51%.

Among the midcap space, JM Financial, GTL Infra and Escorts gained 10% each.

Sun Pharma jumped over 7 % to be biggest percentage gainer. Heavyweight RIL also gained over 1 %.

Among the Sensex stocks, Wipro, TCS, ICICI Bank and Tata Steel ended with over 2 % losses.