Indian stock markets, on Thursday, had a feeble session, with heavy selling action in real estate, banking and metals.

Oil-Gas and consumer durables gained some potency.

Sensex ended the session at 18210 after shedding 258 points. In contrast, Nifty declined 77 points to end the day at 5459.

The overall breadth of the stock market remained negative as it saw 309 advancements as against 994 declines on the NSE.

The gainers list comprised Hero Honda, GAIL, Maruti and KotakBank.

In contrast, the major losers of the day were RCom TataPower, ACC, RelInfra, ICICIBank, PNB and Ranbaxy.

As it was stated that investors should sell at CMP and every increase as the Nifty is expecting prices to fall.

For today, the Nifty is going towards the level of 5365/5348.

Friday's range may be at in between 5506-5445 with resistance 5552 and the support may be at 5411/5365/5348 if the Nifty breached the level of 5445 categorically.

As per reports, the Nifty is still bearish till the time level of 5250 is accomplished.

In the next session, Bank Nifty is likely to trade in the range 10550-10760.

On Thursday, Bharti Airtel registered a decline of 31.5% in its quarterly profit, hit by losses at its African operations.

In addition, the SC rejected Larsen & Toubro's appeal challenging the rejection of its bid against a Rs 1,300 crore tender floated by the administration to build 20 offshore patrol vessels.

For the week ended April 23, food inflation dropped to 8.53% because of decline in rates of pulses

During the last week, food inflation was 8.76%.

Investors with horizon of 6-12 months can consider Andhra Bank, HDFC Bank, Bhushan Steel, Rcom, United Phosphorus Ltd, Axis Bank, SAIL, Lupin, SBI, BHEL, JSW Steel, ICICI Bank and Tata Steel. These companies have potential to give higher returns than index over a long term.