The markets ended lower for the second consecutive day as huge selling pressure was seen in most of the frontline stocks. Capital goods, telecom, realty, auto, power, financials and technology counters were under selling pressure, while metal and oil & gas stocks witnessed buying interest. The BSE Sensex closed 174 points or 1.13% lower at 15,238, after seeing an intraday high of 15,600 and low of 15,174. The Nifty closed at 4,583 down 1.17% or 54 points after seeing a high/low of 4693 and 4566.

Among the broader indices - the CNX midcap index and BSE smallcap index fell 1.7 % and 2.2 % lower respectively. For the week, the Sensex gained 0.88 %-its fourteenth weekly gain. The Nifty June future ended with a 5 point premium.

The IIP (Index of Industrial Production) data was encouraging as it came in at 1.4% for the month of April as against negative 0.75% in March.

Movers & Shakers

The realty index on the BSE fell 2.5 %. In the realty segment, HDIL, DLF and Kolte-Patil Developers lost more than 4.5 % each.

The BSE technology index dropped 2.4 %. TechMah tumbled 6.6%. Wipro, TCS and Infosys slipped 1-3%.

The BSE metal index rose 1.9 % led by gains in JSW Steel, Hindustan Zinc and Sesa Goa up 5-8%.

Among the capital goods stocks, Punj Lloyd, L&T, BHEL, Suzlon Energy and Siemens declined 1.4-5%.

The oil & gas index on the BSE ended 1.4 % higher. Reliance Industries and Reliance Petroleum went up 2.2-2.5%. While Cairn India slipped 4.59%.

In the Sensex pack Ranbaxy was the top loser. The stock plunged 6 % to Rs 282.3. DLF, RCom and M&M were the other major losers, down over 3.9 % each.

RIL, on the other hand, was the top gainer. The stock ended at 2,356 up 2.5 %.