Markets End in Red

A sudden bout of volatility has seen the markets dropping sharply in late-noon trades. The day being the clearing day for the F&O October series witnessed a lot of volatility during the day’s trade. Most of the sectoral indices closed the day on a negative note. The only exception is the Auto index that managed to close the day in green on a flat note. The main draggers for the day are the Realty, Consumer Durables and Power indices that closed the day in red declining more than one percentage points. The Sensex closed the day in red declining 64.33 points or 0.32 percentage points to close at 20,005.37. Nifty ends the day at 5987.70 declining 24.95 points or 0.41 percentage points. Market breadth was negative with 1,166 advances against 1,761 declines on BSE. On the global front, European stocks climbed, rebounding from the biggest selloff in five weeks, as companies from Sanofi-Aventis SA to Dassault Systemes SA raised their profit outlooks. Asian shares and U.S. index futures also rose.