Markets End on a Negative Note

Markets ended near the day's low as selling pressure persisted in banking and metal stocks amid weak global cues. Stocks across world markets remained in the negative zone as Eurozone worries persisted. The Sensex, after hovering in the negative zone for most of the day, slipped to a low of 16,709 in intraday trade. The index finally ended down 188 points at 16,745. The Nifty shed 52 points at 5,032. On the global front, Asian markets ended in the red today after a meeting of European policymakers' produced no new ideas for solving the continent's crippling sovereign debt crisis. In Europe too, CAC and DAX dropped more than two per cent each and the FTSE shed two per cent. Back in India the main draggers for today’s session are the Capital Goods, Banking, Power and Metal indices. The market breadth was negative with 1358 advances as against 1415 declines on BSE.