The markets after taking cues from its global peers started off in red and continued to in the same way going forward for the day. Almost all the sectoral and broader indices close the day in red with the only exception being the consumer durables indices. The main draggers are metal, Capital goods and the realty indices with all of them closing the day more than one percentage point in red. The Sensex closed the day in red declining 172.63 points or 0.98 percentage points to close at 17,386.08. Nifty ends the day at 5222.75 declining 55.25 points or 1.05 percentage points. Market breadth was negative with 1,219 advances against 1,649 declines on BSE. On the global front he euro weakened, snapping three days of gains, and European shares fell as the $146 billion rescue plan for Greece failed to calm concern about the region’s sovereign debt. Asian stocks fell after China ordered banks to set aside more reserves and Australia boosted taxes on commodities producers.

Source: Dalal Street Investment Journal
www.dsij.in