Market End in Red

Despite opening in deep red, Indian markets behaved contrary to global market and recovered more than half of its losses during ending session of the trade. The global markets opened in deep red due to unsatisfactory report on US job growth and euro debt worries. The benchmark indices Sensex and Nifty closed at 16713 and 5017, down by 0.64 and 0.45 percent respectively, after recovering from their day’s low. In the morning, the Asian markets closed considerable down. The consumer durable, auto and reality stocks were the gainers in today’s trading session. The oil & gas, IT and healthcare stocks were the top losers in today’s trading session. The consumer durable, auto and realty indices were up by almost 2.44, 1.30 and 0.81 percent respectively. The Oil&Gas, IT and healthcare indices were down by 1.77, 1.44 and 0.66 percent respectively. The overall market breadth was marginal positive with 1481 advance against 1330 declines on Bombay stock exchange.