The Indian Markets behaved in line with its global peers to close the day deep in red. The markets declined more than 330 points from the day’s high. Selling in\s witnessed in Metal and Realty indices declining more than two percentage point. The Oil & Gas indices also received heavy selling declining by almost two percentage point. The Healthcare and FMCG indices which are considered among the safe havens ended the day in green. The Sensex closed the day in red declining 271.27 points or 1.57 percentage points to close at 16,994.60. Nifty ends the day at 5093.50 declining 85.40 points or 1.65 percentage points. Market breadth was negative with 843 advances against 2,015 declines on BSE. On the global front European stocks dropped, with the Stoxx Europe 600 Index paring its biggest weekly gain since July, amid lingering concern that the region’s debt crisis will hamper economic growth. Asian shares and U.S. futures also fell..

Source: Dalal Street Investment Journal
Dalal Street Investment Journal