Indian market closed in red in-line with Asian peers

Today the weak sentiments from US markets hurt market sentiments all over Asian markets. In line with the Asian peers, the Indian markets opened weak in the morning and continued to be weak during trading session. However, the benchmark indices recovered some of its losses incurred in the morning with Nifty down 41 points down at 5550 and Sensex down 114 points at 18,494. The broader markets too have closed down with the midcap index down 0.68 percent and the small cap index down 0.78 percent. Amongst sectoral indices, the FMCG companies were trading higher and the FMCG index was up by just above 1 percent. The bankex, metal, realty and auto indices closed in red in line with the Sensex and were down by 1.52, 1.32, 1.26 and 1.16 percent respectively. The heavy weights such as HUL and Bajaj Auto were the gainers while Reliance Infra, Rcom, ICICI bank, Tata motors and M&M were the losers for today’s trading session. The overall market breadth was negative with 1659 declines against 1148 advances on Bombay stock exchange.