Shrugging off weak global cues, the market moved up sharply this morning, but fatered past noon and ended the day on a weak note.

Data revealing a slowdown in services sector growth weighed on sentiment and triggered some heavy selling in afternoon trades.

The Sensex, which shot up to 18,672.65 in early trades, ended at 18,383.30 (provisional) with a loss of 110.88 points or 0.6%.

The Nifty, which rose to 5604.95, closed at 5516.60, down 33.75 points or 0.61%.

Oil, metal, FMCG and healthcare stocks declined.

Bank, automobile and realty stocks too mostly ended lower.

IT, power and consumer durables stocks ended on a mixed note. Capital goods stocks fared well.

Some of the severely battere stocks in the previous session, including ADAG group shares, Sun TV and SpiceJet rebounded on short-covering.

Midcap and smallcap stocks gave up early gains.

The market breadth was slightly weak at close.