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Markets could not build on yesterday's gains as negative global cues weighed on trading. Sensex lost 102 points to close at 17125 while Nifty ended at 5112, down 35 points. BSE Mid-cap index lost 0.6%, while the Small-cap index gained 0.4%. Metal stocks plunged as the dollar index strengthened. European markets pared initial losses and turned green as banking stocks recovered, although shares of Greek banks extended recent sharp losses on fears over the country's debt. US stock indices futures were up about half a percent. |
Metal index and Bankex were the top losers among the BSE sectoral indices, shedding 2.1% and 1.6%. IT and Teck indices gained the most, up 0.8% and 0.7% respectively. Tata Steel and Hindalco lost the most among the Sensex stocks, down 4.2% and 3% respectively while Maruti and Hero Honda gained the most, putting on 2.5% and 1.7%. BSE advance-decline ratio stood at 1.2:1. |
Happy Trading,
United we grow!!!
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