Markets Witness Weak Closing

The markets had a poor session of trade on the back of weak set of cues from the global front. After a quiet opening of the day, the markets made new lows with almost every passing hour. The cues from the global front were not encouraging either. The main dragger for the day is the Realty index closing the day in red declining more than two percentage points which is followed by the Metal index declining nearly two percentage points. Some buying is witnessed in indices like Consumer Durables, FMCG and Capital Goods index as all the three indices closed the day in green. The Sensex closed the day in red declining 97.76 points or 0.53 percentage points to close at 18,311.59.  Nifty ends the day at 5505.10 declining 38.40 points or 0.69 percentage points. Market breadth was negative with 1,184 advances against 1,740 declines on BSE. On the global front, European stocks retreated, led by a selloff in construction and basic-resources companies, as investors speculated that economic growth is slowing. U.S. index futures and Asian shares also dropped.