The UPA win party seems to be over for Sensex stocks, but Mid Cap and Small caps performed very well today. Indian Stock Indices ended the day lower as traders booked profit in frontline stocks. The benchmark indices ended lower on the back of profit booking in telecom, technology, oil & gas and financial stocks. The Sensex closed at 14,060 down 241 points after trading in the range of 14405-13976. The Nifty shut at 4270 down 48 points or 1.1% after hitting a low 4244 and a high of 4362. The broader markets outperformed the benchmark indices. The BSE midcap index surged 6 % while the BSE small cap index rose 8.8 %.

Movers & Shakers

The BSE Bankex lost 2.45% or 198 points, to 7,919. ICICI Bank was down 6.5%. Axis Bank, Bank of Baroda, HDFC Bank and PNB fell 2-5%. HDFC declined over 7%. While SBI gained 1.47%.

Oil & gas space was also under pressure. Index fell 2% or 205 points. Reliance Industries slipped 3.7%. Reliance Petroleum and BPCL declined 2-3%. ONGC was down just 0.24%.

Selling was also seen in telecom pack. Bharti Airtel tanked 6%. Idea Cellular and Reliance Communication fell 2-3.5%.

However, the BSE Metal Index surged 5.2% or 491 points. Tata Steel surged 12.81%. JSL, Hindalco, JSW Steel, Sesa Goa, Jindal Steel and SAIL were up 2.5-8%.

Auto Index gained 4.7% or 202 points. Tata Motors shot up 19.12%. M&M, Ashok Leyland and Maruti Suzuki gained 4.5-8%.

Power stocks witnessed huge buying interest. Stocks like CESC shot up over 14%. RPower, GVK Power, Torrent Power, GMR Infra, Reliance Infrastructure, Suzlon Energy, NTPC and Tata Power were up 1-6%.

In the Sensex Tata Motors was the biggest gainer in the pack. The stock zoomed 19 % to Rs 363. Tata Steel, M&M and Hindalco were the other prominent gainers.

However, DLF, ICICI Bank and Bharti Airtel were the main losers, down over 6 % each.