Disappointing close for markets; ICICI Bank top loser

CNBC-TV18’s Executive Editor, Udayan Mukherjee - How disappointing is this close, it will say only 20 odd points down on the Nifty but we almost went to 4,800 and then came right back, so quite disappointing. 4,725 is where the Nifty about to close and the Sensex at sub 15,700-15,650, down 132 points.

ICICI Bank is culprit number one, Bharti is culprit number two, Infosys is culprit number three and cameo roles from Ranbaxy, Suzlon, Punjab National Bank, HDFC Bank, and Hindustan Unilever; they all contributed in small measures to the fall today.

Bit of a rearguard action from Reliance Energy, Cairn India, RPL and TCS not enough to ward off the red ticks particularly from heavyweights like ICICI Bank.

Quite a disappointing close, did about Rs 50,000 crore in volumes partly egged on by the volatility of the last one hour but it will be still a disappointing close for the largecaps.