The benchmark index slipped in late trade as investors booked profits after five-day wining streak. The Sensex was down 167 points at 16,719 after trading flat for most of the day. The Nifty ended below 5K at 4,970 down 50 points. Selling pressure was seen across all the sectors with only the BSE oil & gas index trading in the green. The Nifty Oct future ended at 4,981 with 11 point premium.

In the telecom space, Bharti Airtel lost 3.4%. Idea Cellular and Reliance Comm fell 1.7-3%.

Technology stocks like Tech Mahindra, HCL Tech, TCS, Wipro and Infosys Technologies slipped 1-2.5%.

In the realty space, DLF, HDIL, Indiabulls Real, Omaxe, Sobha and Unitech lost 1-5.7%, while Orbit corp was 10% up at 240.

Capital goods stocks like L&T and Punj Lloyd fell 2-2.5%.

In the oil & gas pack, Reliance Industries, GAIL, ONGC and IOC went up 0.2-0.7%.

In the metal space, Hindalco, Jindal Steel, NALCO, Sesa Goa and SAIL were down 0.7-12.4% while Sterlite was up 1%.

Auto stocks like Apollo Tyre, Bajaj Auto, Bharat Forge, Hero Honda, Maruti and Tata Motors declined 0.4-1.4%. M&M went down 2.6%.

However, Ashok Leyland gained 2.89%.

Among the Sensex stocks, JP Asso was down over 6 % to be the biggest loser among the pack. Bharti and RCom were down over 3 %.

RIL and ONGC were trading marginally higher.