Indian Markets close lower - AXIS Direct

Tracking negative cues from the global markets our markets opened on a weak note and moved lower throughout the session closing the day more than 1.5% lower. All the sectoral indices except Consumer Durables ended in the red with Metals, Bankex, Realty & Capital Goods losin the most.. In the Sensex stocks Gail (0.09%), was the only marginal gainer while Jindal Steel (4.19%), Tata Steel (4.18%) and Sterlite (3.77%) were among the major losers. The Sensex lost 317 points or 1.62% to close at 19,325 and the Nifty lost 91 points or 1.53% to close at 5,852.

Total traded turnover stood at Rs 191,478 cr. In equities FIIs were net buyers of (Rs 1,214 cr) & DIIs were net sellers of (Rs 229 cr). On the derivatives side, FIIs were net sellers in Index Futures (Rs 486 cr) while they were buyers Index Options (Rs 138 cr) Stock Futures (Rs 83 cr) Stock Options (Rs 148 cr).

The US markets ended lower for the second consecutive session on higher than expected jobless weekly jobless claims and concern over US & Euro-zone economic growth. The Dow Jones lost 47 points or 0.34% to close at 13,881 and the NASDAQ lost 33 points or 1.04% to close at 3,131.

The Asian markets are trading lower. Nikkei is trading lower by 0.88% while Hang Seng is trading lower by 0.41%.

Asian markets are lower as investors reassessed the Federal Reserve's commitment to its current accommodative policy. Weak U.S. and European data continues to dent sentiments. Indian indices are expected to open in the red and global developments will continue to remain in focus for further direction.

Source : Equity Bulls

Keywords