The Indian markets taking cues from its global peers started off on a soft note in the morning. In the later parts of the day the markets saw some bounce back rising almost 229 points from days low to close flat in red above the 17000 mark. Buying interest is seen in almost all the indices with IT, Healthcare and FMCG indices. Metal and realty indices which were trading deep in red declining more than two percentage points have also seen some buying interest closing one percentage point in red. . The Sensex closed the day in red declining 49.18 points or 0.29 percentage points to close at 17,087.96. Nifty ends the day at 5136.25 declining 12.25 points or 0.24 percentage points. Market breadth was negative with 1,150 advances against 1,707 declines on BSE. On the global front Most European stocks declined as increasing concern that government debt levels will stall the economic recovery overshadowed a rally by basic-resource producers. Asian shares plummeted.

Source: Dalal Street Investment journal
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