Indian market faced continuous selling pressure and traded below the dotted line throughout the day. Realty, Banking, health care and FMCG faced major selling pressure. The Sensex closed at 18684, down 285 points from its previous close, and Nifty shut shop at 5604, down 83 points.

The CNX Midcap index was down 2.1% and the BSE Smallcap index was down 1.4%. The market breadth was negative with advances at 326 against declines of 986 on the NSE. The top Nifty gainers were Tata Motors, Ambuja Cements, ACC and Sesa Goa and main losers included DLF, Sterlite, Mahindra & Mahindra and HUL. The FIIs were net sellers with sales worth Rs 1651.41 Cr (prov. cash market fig)

Market Outlook
In the next session, NIFTY is expected to trade in the range 5555-5656. Traders are suggested to follow the strategy of selling at rise. CEMENT, POWER and Auto stocks may show some strength while Banking, Metals and Real-Estate may appear weak.

Expected Bullish Stocks

GTL
POWERGRID
M&MFIN
Arevat&d
NTPC
GODREJ
ACC
MARICO
OFS
AMBUJACEM
BPCL
TATAMOTORS
GRASIM
NALCO
SESAGOA
TCS
GSPL
RELIGARE

Expected Bearish Stocks

LITL
LUPIN
ZEEL
TATACHEL
RANBAXY
YESBANK
IDBI
RCOM
ANDHRABANK
DLF
RELINFRA
JSWSTEEL
STER
UNIONBANK
TVSMOTORS
HCC
PANTALOONR
IVRCLINFRA