Closing Bell: Sensex ends in the red, Nifty below 16,600

Markets traded volatile and ended marginally lower for the second consecutive session. After the initial uptick, the benchmark drifted gradually lower however recovery in the last half an hour of the trade trimmed losses. Finally, the Nifty index ended lower by 0.3% to close at 16,522.75 levels. A mixed trend was witnessed on the sectoral front wherein banking, capital goods and metals ended higher whereas realty, IT and healthcare traded subdued. Meanwhile, positivity on the broader front kept the participants occupied.