Markets Close in Red

The Sensex after tumbling down over 600 points has pared most of its losses in the mid afternoon trades. The animosity between North Korea and South Korea, coupled with Ireland’s woes has led the decline in the global markets. All the sectoral indices ends the day on a negative note with Realty indices leading the pack declining more than three percentage points followed by PSU and Metal indices declining more than one and half percentage points. The Sensex closed the day in red declining 265.75 points or 1.33 percentage points to close at 19,691.84. Nifty ends the day at 5934.75 declining 75.25 points or 1.25 percentage points. Market breadth was negative with 825 advances against 2,110 declines on BSE. On the global front, European stocks declined for a third day, extending a global selloff, after North Korea fired artillery shells into South Korea. U.S. stock-index futures and Asian equities also retreated. BHP Billiton Ltd. and Rio Tinto Group both fell more than 2 percent as base metals decreased in London. Sky Deutschland AG plunged 12 percent after the company said the nation’s financial regulator found mistakes in its financial statements.