Indian Markets end marginally in red - LuvKush Finserve

Markets ended marginally in red as investor sentiments remained subdued due to weak macro-economic situation coupled with global growth woes. The Sensex ended at 18,438 down 12 points. Nifty ended down 10 points at 5,542. Fourth quarter earnings season, which begins with Infosys results on Friday will decide the market trend going ahead.

Industrial production numbers, which is due on Friday, may also have some impact on the trading sentiment this week as IIP data is likely to be a key input for RBI's next policy review on May 3. BSE Capital goods, metal and bankex were down 0.6-0.8% each.

Meanwhile, buying interest can be seen in consumer durables and healthcare shares. Both indices gained around 1% to 7021 and 8266, respectively. Oil & gas, power and realty shares are also in the positive zone.

Shares of Bharti Airtel and Idea Cellular gained up to 6% after the Supreme Court allowed the third-generation (3G) roaming pact till April 11. Reliance Communication (RCom) added 4.5% at Rs 66 on BSE on reports that the telecom services provider is planning to sell its majority stake in its subsidiary Reliance Globalcom to Bahrain Telecommunications Company for Rs 6,000 crore.

Source : Equity Bulls

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