Markets End in Red

The markets hit the pause button for the second consecutive day. With investors choosing to take some profits off the table after the stupendous gains of the recent past, the psychologically crucial levels of 20k and 6000 are posing an intermittent resistance for the hitherto galloping indices. The Sensex closed the day in red declining 80.71 points or 0.40 percentage points to close at 19,861.01.  Nifty ends the day at 5,959.55 declining 31.45 points or 0.52 percentage points. On the global front, European stocks dropped for a third day, led by bank shares, as concern resurfaced about the impact of the region’s sovereign-debt crisis. U.S. index futures declined, while Asian shares were little changed.