Sensex was down 259.58 points or 0.36 percent at 71,423.65, and the Nifty was down 36.70 points or 0.17 percent at 21,585.70. About 1971 shares advanced, 1706 shares declined, and 87 shares unchanged.
Top losers on the Nifty included HUL, M&M, TCS, IndusInd Bank and HCL Technologies, while gainers were Coal India, Adani Ports, Adani Enterprises, Kotak Mahindra Bank and ICICI Bank.
On the sectoral front, bank, metal, power indices up 0.5-1 percent, while FMCG, Information Technology, pharma and realty down 0.4-1 percent.
BSE Midcap and Smallcap indices gained 0.4 percent each.
Benchmark indices ended lower in the volatile session on January 20 with Nifty around 21,600.
ICICI Bank Q3 Results:
Net profit at Rs 10,272 crore and Net Interest Income (NII) at Rs 18,679 crore
ICICI Bank shares ended at Rs 1,011.50, up Rs 12.40, or 1.24 percent on the BSE.
The markets started the session on a strong note but soon bulls started to loosen their grip and the Index entered into negative territory. Select heavyweights dragged the Index further lower to end the session at 21,571.80 with a loss of 50.60 points.
Banking indices (especially PSU Banks) delivered a strong performance while FMCG and Tech sectors were the laggards. A robust move was witnessed in the Tyre stocks while a rally in Railway counters extended further.
Lacklustre trade was seen in the Broader markets as Mid and Smallcaps remained in a range; however, managed to outperform the Benchmark Index. Nifty50 has made a bearish engulfing candlestick pattern on the daily chart. We feel that the Index will oscillate in the range of 21,500-21,700.
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