The 30-share index BSE Sensex, which opened at 14,591.28, up 69.39 points, marked its closure on a weak note on Monday, led by oil & gas, metal, power and realty stocks.

The stocks, which saw good buying action included FMCG, capital goods and banking. On the back of positive global signals, Sensex hit an intraday high of 14,668.40.

However, the stock index shed all its gains after few minutes of trading and fell into the negative zone owing to profit booking witnessed in frontline stocks. Later, it kept slipping further into red and touched a low of 14,269.77 as European markets opened negative. At last, it marked its closure on a feeble note.

BSE Midcap and Smallcap index gained 0.57% and 0.33% respectively.

Among the sectoral indices, BSE Oil & gas plunged 3.33%, Power, Metal and Realty down over 2% each, Auto and PSU dipped over 1% each.

The Sensex closed the day at 14,326.22, down 195.67 points (1.35%) after hitting an intraday high of 14,668.40 and an intraday low of 14,269.77. The broad-based NSE Nifty lost 78.35 points at 4,235.25 after touching an intraday high of 4,352.25 and an intraday low of 4,221.90.

While commenting on the market outlook for Jun. 23, 2009, Alex Mathew head, research centre – Geojit BNP Paribas Financial Services stated that Nifty has support at 4,153 and resistance at 4,315 and 4,365.

He also said that if Nifty breaches above these levels, investors may expect further uptrend.

Discussing the market performance of Monday, he said, ``Nifty closed in the red at 4,235, tracking European markets and US Index Futures. Reliance Industries, Grasim, Reliance Infra, Tata Power and M&M drag the Nifty towards 4,221 levels, of which Reliance Industries was the major culprit for the weakness. Strong dollar and weak crude affected negatively on Metal sector of which TISCO, SAIL and Sterlite were the main losers.”

He added that banking stocks were in high demand and investors may see more action in this segment in the coming days.

Many investors are diluting their positions earlier than the budget, particularly profit booking was noticeable in Realty, Metal and Capital Goods sector stocks, which made huge run up in the post rally.