The Nifty traded lower throughout the session and closed below the 4950 level. Infosys declined in the second half of trade on the back of profit booking, despite reporting positive earnings in Q2 and guidance for FY10.
All the sectoral indices ended in the red; selling in banking, auto, capital goods and select power shares dragged the markets lower. One percent fall in Reliance Industries added more pressure. However, telecom stocks bounced back after four days of decline. Telecom stocks and ONGC outperformed the markets.
