Markets ended in negative terrain amid extreme volatility through the day as selling pressure was seen in technology, FMCG, pharma, select banking and realty stocks while buying in metal, oil & gas and auto stocks. The Sensex swung nearly 290 points and Nifty 114 points.

Infosys, TCS, BHEL, Satyam, Bharti Airtel, ITC, Ranbaxy Labs and HDFC were draggers of markets while Reliance Ind, ONGC, SBI, Tata Steel, SAIL and L&T were being supportive.

The Sensex closed at 13,330.51, down by 139.34 points or 1.03% after hitting an intraday high of 13,559.36 and low of 13,269.62. Nifty lost 9.03 points or 0.23% to settle at 4039.70. It has hit a high/low of 4118.10 and 4004.25, respectively.

Amongst frontliners, Satyam plunged 8.19%, Infosys -7.66%, HCL Tech 5.82%, TCS -4.40%, Unitech -4.05% and Hindalco -3.74% while Sterlite Ind gained 4.36%, HUL 3.92%, ONGC 3.62%, NTPC 2.78%, M&M 2.64% and Tata Motors 2.51%.

Market breadth was negative; about 1162 shares have advanced while 1757 shares declined. Nearly 227 shares remained unchanged.

Most active counters on the bourses were Reliance Ind, Reliance Infra, Ranbaxy Labs, Infosys Tech, Reliance Capital and NDTV.

Turnover traded by markets stood at Rs 54,916.22 crore. This includes Rs 10,353.99 crore from NSE Cash segment, Rs 40,096.24 crore from NSE F&O and the balance Rs 4,465.99 crore from BSE Cash segment.

On the global front, Asian markets closed in red barring Shanghai Composite. Hang Seng was down 0.77%, Taiwan Weighted -1.21%, Kospi -0.57%, Straits Times -0.78%, Nikkei -0.23% and Jakarta Composite -0.76%. However, Shanghai Composite gained 0.76%.

European markets were trading strong, at the time of writing market report. FTSE and CAC surged over 1% each and DAX up 0.7%.