Markets End on a Negative Note

The Indian markets end the day on a negative note after trading the most part of the day in green. Banking, IT and PSU indices were the main draggers in today’s trade closing the week declining more than half percentage points. Consumer Durables and FMCG index remained the main gainers gaining more than half percentage points. The Sensex closed the day in red declining 28.84 points or 0.16 percentage points to close at 18,143.99. Nifty ends the day at 5439.25 declining 7.85 points or 0.14 percentage points. Market breadth was negative with 1,426 advances against 1,529 declines on BSE. On the global front, European stocks gained as better- than-estimated results at companies from Royal Bank of Scotland Group Plc to Umicore SA offset declines at brewing companies. Asian stocks advanced, while U.S. futures were little changed