The FTSE 100 Index dipped two points to close at 5,775.7. Even the early Easter boost in retail sale could not help the company finish the day with a positive note.

Retail sector is enjoying its best time this month since last four year. The early Easter has helped the industry stocks a favorable position.

Despite a fine performance by Dow Jones, which closed above 11,000 for the first time since September 2008, and a good progress by retail shares, the FTSE 100 finished red. The poor performance of the FTSE was mainly driven by losses in the mining sector.

Meanwhile, the retailers, which posted gains were Kingfisher (up by 1.29 per cent), Home Retail (by 0.44 per cent) and Marks & Spencer (by 0.64 per cent).

The retail sector progress was attributed to speculations about a possible bidding from ASDA for Home Retail Group.