The flat to positive day, finally ended on a negative note. The weak IIP data for June as against expectations of a marginal increase converted the intraday gains into losses. The Sensex closed at the level of 17560.87 i.e., down by 39.69 points and the Nifty closed at the level of 5322.95 i.e., down by 15.05 points. This led the midcap and the small-cap counters to close negative. On the sectoral front, the indices closed mixed. FMCG index closed as the major gainer with gains of over a percentage point while Oil&Gas index closed as the major loser with losses of over a percentage point. Further, the market breadth closed weak as only four stocks were seen advancing for every seven declines.
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