Markets End in Red on Profit Taking

The Indian markets after witnessing lacklustre move throughout the day witnessed severe selling pressure in the wee hours of trade to close near day’s low. Almost all the sectoral indices closed the day on a negative note with the only exception being the Healthcare index closing the day in green. The main draggers for the day is the Realty index declining by more than two percentage points followed by the IT, Metal and Capital Goods indices declining more than one percentage points. The Sensex closed the day in red declining 227.76 points or 1.11 percentage points to close at 20,315.32.  Nifty ends the day at 6120.30 declining 66.15 points or 1.07 percentage points. Market breadth was negative with 1,189 advances against 1,803 declines on BSE. On the global front, European stocks were little changed as investors awaited interest-rate decisions from the European Central Bank and the Bank of England, while a record drop in U.K. house prices stoked concern about the strength of the economy. U.S. index futures fluctuated and Asian shares gained.