Markets End in Red on Negative Global Cues
DSIJ Intelligence / 26 Jun 2010
The Indian markets remained on a subdued note throughout the day to close in the negative territory. Banking index receive the maximum beating as they declined more than two percentage points during the day followed by Metal and IT indices declining more than one percentage point. The Oil & Gas indices received some buying interest after the decision of the hike in petroleum product prices. The Sensex closed the day in red declining 155.71 points or 0.88 percentage points to close at 17,574.53. Nifty ends the day at 5269.05 declining 51.55 points or 0.97 percentage points. Market breadth was negative with 1,146 advances against 1,695 declines on BSE. On the global front, European stocks declined for a fourth day, extending a weekly drop for the Stoxx Europe 600 Index, as losses by BP Plc outweighed a gain by banks. U.S. index futures and Asian equities fell.
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