Markets Continue To Trade Weak
Chandrakant / 26 Mar 2012
After opening on a weak note, the Indian markets remained volatile and extended some of their losses. This was amid weak global markets and no major positive news coming from the Indian and global markets.
After opening on a weak note, the Indian markets remained volatile and extended some of their losses. This was amid weak global markets and no major positive news coming from the Indian and global markets. Both the Sensex and Nifty are down marginally by 1.43% and 1.28% respectively. The volatile session will continue throughout the week ahead of the Expiry, as traders roll over the position from the March to the April 2012 series. The next major trigger for the Indian markets will be the Q4 and full year earning results.
Other Asian markets continue to trade on a marginally positive note, as concerns over the exporters' slowing earnings lead to a weak sentiment among investors.
The European markets opened on a flat positive note. The FTSE is up by 0.41%, and DAX and CAC are also up by 0.27% and 0.03% respectively.
| Benchmark Indices | ||
|---|---|---|
| Index | Rate | % Change |
| FTSE | 5,879.06 | 0.41 |
| DAX | 7,041.46 | 0.27 |
| CAC | 4,505.13 | 0.06 |
| Hang Seng | 20,668.86 | 0.00 |
| Nikkei | 10,018.24 | 0.07 |
| Shanghai | 2,350.60 | 0.05 |
| SENSEX | 17114.85 | -1.43 |
| NIFTY | 5210.15 | -1.28 |
Back home, all the BSE sectoral indices are trading in the negative territory. Realty, Power and Banks are leading with losses of 2.80%, 2.05% and 1.99% respectively. All the other indices are trading down between 0.17%-1.43%.
Among the Sensex shares, all the scrips barring Wipro are trading in the negative zone. DLF, ICICI Bank, NTPC and Tata Power are leading with losses of 3.13%, 3.70%, 3.21% and 3.77% respectively. The other stocks are trading with losses between 0.57%-2.17%.
The market breadth, which indicates the overall health of the market, is negative. On the BSE, 1842 shares fell, 821 shares rose and 121 shares remained unchanged.
We expect the markets to remain volatile with a negative bias for the rest of the day, and advise readers to play with caution.
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