Markets End in Red

The Indian markets traded on a lacklustre note in today’s trading session to end the day flat on a negative note. The main dragger is the FMCG index declining by more than one percentage points followed by the Realty and Consumer Durable indices declining by more than half percentage points. PSU and Banking indices provided some support to the markets as they closed the day on a positive note. The Sensex closed the day in red declining 27.40 points or 0.15 percentage points to close at 17,924.42. Nifty ends the day at 5386.45 declining 7.45 points or 0.14 percentage points. Market breadth was positive with 1,507 advances against 1,399 declines on BSE. On the global front, European stocks fluctuated as merger talks boosted International Power Plc and Tomkins Plc, offsetting Hungary’s failure to win International Monetary Fund endorsement of its deficit-reduction plans. Asian shares slid while U.S. index futures advanced.