Markets End Deep in Red

The markets had another weak session of trade on the back of not-so-encouraging cues from the global front. The Sensex slipped further below the psychological 20K mark, which was breached in the previous session. The main dragger for the day is the Metal index closing the day with a decline of more than two percentage points followed by Realty and Consumer Durables indices closing the day with a decline of more than one percentage points. The Sensex closed the day in red declining 110.98 points or 0.56 percentage points to close at 19,872.15. Nifty ends the day at 5982.10 declining 45.20 points or 0.75 percentage points. Market breadth was negative with 1,090 advances against 1,819 declines on BSE. On the global front, European stocks fluctuated, following yesterday’s decline in the benchmark Stoxx Europe 600 Index, which was the largest in two weeks. U.S. futures advanced, while Asian shares slipped. Novo Nordisk A/S gained 6.7 percent after a U.S. health- care regulator rejected for the second time a potential rival to the company’s diabetes drug. Faurecia SA sank 5.8 percent as JPMorgan Chase & Co. sold 13 percent of the company’s shares. Home Retail Group Plc dropped 1.7 percent after reporting a decrease in first-half profit.