The Sensex closed the day on a weak note after shedding 58.16 points at 16,440.56 on Tuesday.

The top losers of the day were realty, IT and teck stocks, whereas metal, PSU, metal and oil & gas supported the market to some extent.

After positive opening with at 16,552.43, Sensex lost some of its gains and was trading off day’s high of 16,677.53 owing to profit booking witnessed at upper levels in early trade. Afterward, it lost all its strength and fell into the negative terrain. At last, it ended the day on a low note.    

BSE Midcap and Smallcap index declined 0.43 per cent and 0.38 per cent respectively.

Sensex closed the day at 16,440.56, down 0.35%, after hitting an intraday peak of 16,677.53 and an intraday low of 16,371.66. On the other hand, Nifty shed 16.70 points at 4,881.70. It touched an intraday peak of 4,947.70 and an intraday low of 4,860.10.

The top gainers during the day were SBI, RIL, Tata Motors, ICICI BankSterlite Industries (India) and Tata Power.

The losers’ list comprised Bharti Airtel, Hero Honda, RCom, DLF, Maruti and ONGC.

While commenting on the stock market position, Alex Mathew head, research centre – Geojit BNP Paribas Financial Services stated that the broad-based Nifty has strong major resistance at 4,950 and 4,970.

Mr. Mathew added that the support for Nifty is at 4,849 and 4,820 levels.