Markets end lower, rupee weakens - Cholamandalam Securities

Markets ended lower snapping a two day winning streak as investors turned cautious and booked profit ahead of the FOMC meet. Rupee ended at an all time low amidst heavy capital outflows, dollar demand by oil importers and worry over US Federal Reserve scaling back of monetary stimulus.

On the sectoral front, Banks were top losers followed by Consumer Durables, PSU, Capital Goods, Oil & Gas, Power and FMCG.

Markets are expected to open on flat note amidst mixed global cues. Markets to trade cautious ahead of US Fed Chairman Ben Bernanke's comments on Quantitative easing.

Source : Equity Bulls

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