RTTNews - Thursday, the Indian market ended a volatile session flat despite gains in European stocks and U.S. index futures. Trading was volatile, as worries about progress of monsoon rains and fears of a possible downgrade of the nation's sovereign rating by international rating agencies led to intermittent profit taking. Traders also expressed caution before the release of May industrial output report on Friday.

Meanwhile, the headline inflation rate hovered in the negative zone for the fourth straight week, government data released on Thursday showed. Wholesale prices fell 1.55% in the 12 months to 27 June compared to the 1.3% decline in the previous week.

After trading in a range of 13,879-13,644, the BSE Sensex finished at 13,757, down 12 points or 0.08%, while the S&P CNX Nifty ended at 4,081, up 2 points or a mere 0.05%.

On the BSE, the small-cap index ended down 0.14%, but the broad-based BSE 500 index rose 0.24% and the mid-cap index moved up 0.58%. The market breadth was extremely negative, as decliners outnumbered advancers by 1461 to 1079, with 96 stocks closing unchanged.

Sector-wise, while metal, healthcare and defensive FMCG stocks rose over 1% on an average, consumer durable, capital goods and IT stocks bore the brunt of the selling.

Among the major gainers, Reliance Infrastructure, Sun Pharma, TCS and Sterlite advanced over 2% each, ITC rose 1.86%, Tata Power gained 1.76%, HDFC Bank added 1.69% and Jaiprakash Associates ended up 1.49%. Reliance Industries, Hero Honda Motors, Bharti Airtel, SBI, Tata Steel and Reliance Communication also closed firm.

On the other hand, Tata Motors tumbled 3.15%, ICICI Bank, DLF and Mahindra & Mahindra fell over 2% each, Infosys declined 1.70%, Larsen & Toubro eased 1.68%, Hindalco shed 1.55% and Hindustan Unilever ended down 1.55%. BHEL, Grasim, ONGC, HDFC, Maruti Suzuki, ACC, NTPC and Wipro also ended in the red.

Elsewhere, the other Asian markets closed mixed amid concerns about economic recovery, European stocks were trading higher in early trading, snapping a 5-day losing run, and the U.S. stock futures were slightly higher after Aluminum producer Alcoa kicked off the earnings season by reporting a second- quarter loss that was smaller than analysts' estimates.

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