Sensex ends marginally lower, Nifty holds 8550

Equity trading tips: Sensex ends marginally lower, Nifty holds 8550; NTPC up 3%

JSPL tanks 15% after govt cancels bids for 3 coal blocks

GMR Holding ties up Rs 1,250 crore for GMR Infra rights issue

India telecoms' debt rises on record spectrum spend

Oil prices drop after Saudi Arabia says it will not cut output alone

See Rs 4500/sq ft realization from Panorama: Brigade Ent

The market closed marginally lower on Monday. The Sensex shed 69.06 points to 28192.02 and the Nifty lost 20 points to 8550.90. More than two shares declined for every share advancing on the Bombay Stock Exchange. State-run power equipment maker BHEL fell nearly 4 percent.

ICICI Bank, Infosys, Reliance Industries, HDFC Bank, SBI, ITC, Axis Bank and Wipro were down 0.5-1.7 percent. However, Hindalco and NTPC topped the buying list, up 3 percent each. ONGC, Hero Motocorp, GAIL and Sesa Sterlite gained 1-1.7 percent.

The government is on course to meet its fiscal year 2014-15 deficit target of 4.1 percent it outlined in the Union Budget in February, expenditure secretary R Wattal told CNBC-TV18. This is despite the government likely falling short of meeting its telecom-receipts target of Rs 43,161 crore in the Budget. Of the telecom receipts, the government had forecast about Rs 12,000 crore from the ongoing spectrum auction, which may not accrue this year.

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