mumbai stocks were tossed up and down on thursday because of mixed global cues the ongoing political turmoil and as participants await triggers to determine further direction sentiment was cautious as the impact of higher cost of oil escalating inflation and tighter monetary supply on corporate earnings which has troubled investors in the past quarter will actually start to show in the coming days losses for software majors ahead of infosys technologies first quarter report due friday bogged down the sensex while the lesser techburdened nifty finished 5 points higher nifty is moving in a channel where major resistance is faced at 41804200 levels the nearterm trend is bearish as the index continues to form lowers tops and lower bottoms if it starts trading below 4110 tomorrow we could see a correction of about 80 points said manas jaiswal senior technical analyst at emkay global financial services national stock exchanges 50share index rose to a high of 418795 and fell to a low of 411040 before settling at 416220 bombay stock exchanges sensex closed down 38 points at 1392624 the index touched a high of 1404743 and low of 1376394 intraday biggest index losers were maruti suzuki down 356 itc 234 reliance industries 172 jaiprakash associates 133 and tata motors 125 the bse it index finished 073 per cent lower weighed down by moser baer down 371 mphasis 268 infosys 082 satyam computer 07 and tata consultancy services 076 global cues werent the brightest as fresh worries about the us credit crisis soured sentiment stock markets in asiapacific ended mostly lower the straits times fell 055 per cent hang seng finished flat while indices in japan and south korea finished slightly higher indias annual inflation is seen at 1175 per cent in the week to june 28 inflation is now at a 13year high of 1163 per cent for more such news wwweconomictimescom