Markets End in Red on Negative Global Cues

The Indian markets exhibited weakness throughout the day and slumped even further in late trades on negative cues from Asian and European markets. All the sectoral and broader indices closed the day on a negative note. The Metal index was the main dragger for the day declining nearly three percentage points followed by the Realty and Banking indices closing the day down y more than one and half percentage points. The Sensex closed the day in red declining 240.17 points or 1.35 percentage points to close at 17,534.09. Nifty ends the day at 5256.15 declining 77.35 points or 1.45 percentage points. Market breadth was negative with 1,129 advances against 1,728 declines on BSE. On the global front, European and Asian shares fell and U.S. stock-index futures retreated amid concern China’s economy is growing at a slower pace than estimated.