The Sensex opened 86 points lower at 14,980. The index touched a day's high of 15,088 due to fresh buying in health care stocks.
Unabated selling in consumer durables, banking, realty and IT stocks pushed the index into a negative zone and touched a day's low of 14,645 - down 443 points from Tuesday's high.
The index recovered smartly in late noon deals and finally ended with a loss of 177 points at 14,889.
The market breadth was negative -- out of 2,692 stocks traded, 1,653 declined, 962 advanced and 77 were unchanged.
The NSE Nifty ended with a loss of 40 points at 4,461.
INDEX SHAKERS. . .
HDFC plunged 4.8% to Rs 2,207, while ONGC tumbled 4.7% to Rs 873. HDFC Bank declined 4.5% to Rs 1,184.
TCS slipped 3.9% to Rs 916 and Jaiprakash Associates lost 3.5% to Rs 184. Infosys dropped around 3% at Rs 1,904.
Satyam was down 2.8% to Rs 491. ITC and Reliance Infrastructure declined 2.6% each at Rs 207 and Rs 1,038, respectively.
ICICI Bank, Wipro and SBI were the other major losers.
. . .AND THE MOVERS
Ranbaxy surged 6.5% to Rs 526, Cipla gained 2.1% at Rs 206.
Reliance moved up 1.7% at Rs 2,163. HUL advanced over 1% at Rs 232.
Maruti added 0.8% to Rs 736. ACC, BHEL and Hindalco were up 0.5% each at Rs 613, Rs 1,375 and Rs 176, respectively.
MOST ACTIVE COUNTERS
Reliance led the value chart with a turnover of Rs 281.98 crore followed by Reliance Capital (Rs 261.73 crore), Reliance Petroleum (Rs 231.74 crore), Ranbaxy (Rs 213.44 crore) and Anu Labs (Rs 167.13 crore).
IFCI topped the volume chart with trades of around 1.85 crore shares followed by Reliance Petroleum (1.36 crore), Ispat Industries (1.34 crore), Reliance Natural Resources(1.31 crore) and Spice Telecom(1 crore).



