Markets ended in the red, albeit off the day's low as selling persisted in realty and oil & gas shares. The Sensex, after trading on a subdued note through the day, ended down 130 points at 17,374. Nifty slipped 42 points at 5,291.
Nifty futures dropped 1.5%, dragging down spot indexes, which several dealers attributed to a trading mistake, though no details were immediately available. A National Stock Exchange official told Reuters the exchange was looking into the matter, though they would not confirm whether the sudden drop in the futures index was due to a trading mistake.
From the auto space, M&M moved higher by 3% at Rs 727 on reports that the government approved the foreign direct investment (FDI) proposal worth of Rs 25.99 crore for company’s radar systems. Maruti Suzuki ended flat at Rs 1,391. The company has started a campaign on "Live life with LUV (Life Utility Vehicle)" adverts as it promotes its new Ertiga model, and stock investors appear to have responded in kind.
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