Markets End on a Negative Note

The markets continued to trade with the negative bias but managed to recover some marginal losses. The Sensex ends down by 197 points at 20,301 and Nifty closed at 6079 lower by 66 points. The main draggers for the day are the Banking and Realty indices closing the day with in red declining by more than two percentage points. Most of the Asian markets ended the day on a negative note. Nikkei ended the day at 10,380 down 17 points, Taiwan ended lower by 150 points at 8846, Shanghai closed at 2838 lower by 14 points, however Hang Seng was trading higher by 71 points at 23,739. Meanwhile the European markets had also opened in the red, German DAX opened lower by 13 points at 6965, CAC opened lower by 0.34 per cent or 14 points at 3901 and FTSE opened marginally lower by 0.03 per cent or 1 point at 6012.