The Indian Markets saw a recovery in the later half of the day to clo0se in the negative territory. The Sensex closed the week on a negative note declining more that three percentage points. Almost all the sectoral and broader indices closed the day in red with the only exception being the Auto and FMCG indices closing the day in green providing some support to the markets. The main draggers for the day are Power, Realty and Capital Goods indices declining more than one and half percentage point in red. The Sensex closed the day in red declining 74.07 points or 0.45 percentage points to close at 16,445.61. Nifty ends the day at 4931.15 declining 16.45 points or 0.33 percentage points. Market breadth was negative with 772 advances against 2,022 declines on BSE. On the global front European stocks fell for a third day as concern grew that the region’s governments lack a common position on how to resolve the debt crisis. Asian equities sank to a nine-month low, while U.S. index futures gained.
Source: Dalal Street investment Journal
