Markets extend losses, all sectors in red
Chandrakant / 05 Mar 2012
The Indian markets have extended their morning losses, following a negative opening today. The Sensex and Nifty are down by 1.60% and 1.55% respectively. Investors remain cautious and negative before the UP election results, which are slated to be announced on Tuesday, Mar 6.
The Indian markets have extended their morning losses, following a negative opening today. The Sensex and Nifty are down by 1.60% and 1.55% respectively. Investors remain cautious and negative before the UP election results, which are slated to be announced on Tuesday, Mar 6.
Other Asian markets also continue to trade in the red zone. Profit booking and upcoming global events have kept the markets lacklustre today. The Nikkei is down by 0.81%, whereas Hang Seng is down by 1.45%.
The European markets opened on a negative note today. FTSE is down by 0.4%, while DAX and CAC are also down by 0.63% and 0.52% respectively.
| Benchmark Indices | ||
|---|---|---|
| Index | Rate | % Change |
| FTSE | 5,891.93 | -0.34 |
| DAX | 6,877.90 | -0.63 |
| CAC | 3,482.92 | -0.52 |
| Hang Seng | 21,256.91 | -1.44 |
| Nikkei | 9,698.59 | -0.81 |
| Shanghai | 2,445.00 | -0.64 |
| SENSEX | 17355.17 | -1.60 |
| NIFTY | 5276.30 | -1.55 |
Back home, all the sectoral indices are trading in the red zone. Metals, Realty and Bankex continue to lead with losses of 2.96%, 2.82% and 2.68% respectively. Other indices like CG, CD, PSUs, Oil &Gas and Power are down between 1.23%-2.41%.
The Sensex shares too are all trading negatively. Heavyweights like BHEL and RIL are down by 2.94% and 1.62% respectively. Stocks such as Hindalco, DLF and Jindal Steel remain the top losers, trading down by 4.26%, 4.1% and 4.45% respectively. The other shares are down between 0.10%-2.99%.
The market breadth, which indicates the overall health of the market, is negative. On the BSE, 1728 shares fell, 907 shares rose and 93 shares remained unchanged.
We expect the markets to remain negative for the rest of the day and advise readers to play with caution.
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