The Indian markets witnessed choppy trade through out the day today amidst weak global cues. The benchmark index at the Bombay Stock Exchange lost 174 points to end at 16,719. The equities saw huge fall in the last hour hours of trade. The sell-off was across all sectors, barring pharma and auto sectors. Realty, oil and gas, banking and FMCG were the major losers. Reliance, Sterlite Industries and ICICI were among the top losers, while some positive trade was seen in the stocks of Tata Motors, Sun Pharma and TCS.The National Stock Exchange, Nifty closed below the psychological 5,000 mark for the first time in the last 15 sessions. The Nifty closed at 4987, down by 54 points.The Midcap and the Smallcap indices too closed in the red. The Midcap index lost 42.72 points to close at 6470.58, while the Small cap index closed at 7885.72, down by 30 points.