Indian equity benchmark ended lower on January 16 amid volatility, with the Sensex closing 168.21 points, or 0.28, percent down at 60,092.97 and the Nifty falling 61.80 points, or 0.34 percent, to 17,894.80.
After a gap-up start, the market remained positive for a couple of hours amid buying in the information technology (IT), power and PSU banking stocks but mid-session profit booking in metal, auto and banking names erased all the gains.
Stocks and sectors
Adani Enterprises, Axis Bank, Hindalco Industries, JSW Steel and TCS were among the top losers on the Nifty. Tech Mahindra, Infosys, HCL Technologies, Wipro and Hero MotoCorp gained the most.
Among sectors, the Nifty PSU bank index added 1.5 percent, IT index a percent and the energy index added 0.6 percent. The metal index closed 1.3 percent down and bank, auto and infra indices lost 0.5 percent each.
The BSE midcap and smallcap indices ended flat.
On the BSE, IT and power indices gained a percent each, while auto, bank and metal shed 0.5-1 percent.