Reversal signals appear on Nifty charts

Major index gainers were ICICI Bank, Infosys, HCL Technologies, TCS, Vedanta, Coal India, Power Grid, Ultratech Cement and BPCL.

Nifty closes below its intermediate hurdle

In the Nifty 50 basket of shares 34 ended higher while 16 closed lower.

The market volumes were lower than recent average as buyers stayed away amidst tense times.

Analysts expect 11,250-11,200 to provide a decent support to the Nifty and the possibility of a bounce back cannot be ruled out at these levels.

The broader market fared better with Mid-Cap down 0.96 per cent and Small-Cap down 1.21 per cent.

The m-cap of TCS jumped by Rs 34,822.13 crore to reach Rs 8,39,896.27 crore.

Investors will continue to track the ongoing quarterly results season and general elections.

The Indian market benckmark indices improved on their own performance in the previous fiscal.

Movement of crude oil, rupee and investment trend by overseas investors would also influence trading sentiment, analysts added.

Barrring IT, banking and pharma all other sectoral indices ended in red led by metal, energy, auto, FMCG and infra.