In choppy trading BSE Sensex today ended with a loss of 69.06 points at nine-week low levels on weak European cues while the Nifty index fell 20 points led by a tumble in JSPL shares. Selling in IT, consumer durables, banking, oil&gas, capital goods weighed on the domestic markets ahead of Thursday's expiry of monthly derivative contracts. Shares of Jindal Steel and Power Ltd (JSPL) ended over 6 per cent down after crashing as much as 15 per cent in morning trade today after the government rejected bids made by the company during the auction of coal blocks held recently. Market Outlook by Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services In this last expiry week of the Financial Year (FY15) market has taken a strong trend to its consolidation phase. Mid Caps are seeing higher negative impact against the good performance seen in the earlier consolidation phase. We are also seeing impact on Banks which are likely to have a poor Q4 results due to NPAs restructuring. We believe that these are phase of the long term bull market and suggest retail investors to add quality stocks on dip. Sectors which can be considered are Banks, Consumer durables, Auto and Capital Goods. After rising to day's high of 28,385.14 in morning trade on emergence of value-buying by investors, the Sensex succumbed to profit-booking to touch a low of 28,163.90. It settled at 28,192.02, down 69.06 points, or 0.24 per cent. Today's closing is Sensex's weakest close since January 16. In four straight days, the Sensex has lost 544 points. The NSE Nifty, which breached the 8,600-level to touch the day's high of 8,608.35 in early trade, fell back on broad-based selling. It then touched a low of 8,540.55 before closing down with a loss of 20 points, or 0.23 per cent, at 8,550.90. In four days, the Nifty has shed 172.90 points. Market Wrap Up by Alex Mathews, Head Research, Geojit BNP Paribas Financial Services On the back of lack of triggers on the domestic front, the markets were trading in a lacklustre mode.\u00a0 Investors are cautious ahead of F&O expiry. Nifty has major support at 8514 (100 day moving average), and it has entered in the oversold territory can increase volatility in coming days. Nifty closed at 8550 down around 20 points.\u00a0 The market breadth was negative as there were seen 884 stocks advancing against 1974 stocks declining. The Nifty volatility index, India VIX stood at 14.2700 up around 0.07%. The mid-cap and small-cap sectors were underperforming the broader markets, ended down around 0.79% and 1.34% respectively. Barring Metal and Auto sector which closed up around 0.20% and 0.06% respectively, all other sectors ended in red. The major losers were IT and Consumer Durables which closed down around 1.02% and 0.98% respectively. In the stocks\u2019 front, the losers were Jindal Steel and BHEL which closed down around 6.17% and 3.56% respectively whereas the gainers were Hindalco and NTPC which closed up around 3.22% and 3.09% respectively. The FIIs were buyers in the cash markets segment, bought shares worth Rs 354.59 crore on Friday, 20 March 2015. On the other hand the DIIs were net sellers on 20 March 2014, sold shares worth Rs 219.20 crore as per the provisional data from the stock exchanges. The European markets and the US index futures were down. Equity brokers said portfolio churning ahead of financial year ending on March 31 also dampened trading sentiments. Major losers that dragged down the key indices included BHEL, RIL, ICICI Bank, Infosys, Wipro, SBI, Maruti Suzuki, HDFC Bank, Sun Pharma and Tata Power. Sectorally, the BSE IT index suffered the most by falling 1.03 per cent, followed by Consumer Durables index (0.89 pc), Teck index (0.87 pc), Banking Index (0.85 pc), Oil & Gas index (0.63 pc) and Capital Goods index (0.44 pc) among others. The BSE Small Cap index ended 1.29 per cent lower while Mid-cap index shed 0.81 per cent. Provisional data showed Foreign Portfolio Investors bought shares worth net Rs 354.59 crore on Friday. Globally, other Asian markets ended higher and European markets were down in their opening trade on weakness in the view of an upcoming meeting between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel. Vineeta Mahnot, Equity Research Analyst, Hem Securities Markets shut the day marginally lower after erasing early morning gains with Sensex slipping 61 points or 0.22% at 28200 level. Shares of BHEL Infosys, Reliance Industries, State Bank of India, ICICI Bank and Wipro fell 1-4 percent. However, NTPC, Hindalco, GAIL, SSLT and M&M bucked the trend with 1%-3% percent gains. . Among sectors, Information technology, banking and financials and Capital Goods were the worst performers. The broader indices; BSE Midcap and BSE Smallcap too witnessed fall of between 0.4-0.8%; underperforming the Sensex. Market breadth was negative with 880 advances against 1976 declines on the BSE while 109 stocks were unchanged.