Markets Ends in Red on Global Cues

The Indian markets continued with their lacklustre performance as they closed the day on a negative note. IT and Teck indices are the main draggers in today’s session as both declined by more than one percentage points. Except for Realty, Capital Goods and Auto indices all the sectoral indices closed the day in red. The Sensex closed the day in red declining 67.51 points or 0.37 percentage points to close at 18,219.99. Nifty ends the day at 5460.70 declining 25.45 points or 0.46 percentage points. Market breadth was negative with 1,283 advances against 1,705 declines on BSE. On the global front, European and Asian stocks fell and U.S. index futures declined as reports added to evidence that Chinese economic growth is slowing and investors awaited the Federal Reserve’s latest policy statement. Also Fears surrounding the Chinese economic story reared their head yet again. Data showing that Chinese import growth was below expectations not only pulled down the Chinese markets, but had a ripple effect on other bourses.