Intraday Summary- Market Synopsis- 22 December, 2011

The indices slipped to intraday lows as profit booking intensified on the back of weak global cues. Nifty was trading at 4640 levels with a loss of around 50 points while Sensex was seen trading near the 15500 levels shedding nearly 200 points since yesterdays close. Meanwhile, the food inflation for the week ended December 10 fell sharply to 1.81 percent as against 4.35 percent a week ago. All the sectoral indices barring FMCG were in the red with Technology and Metals leading the decline. Market breadth was weak as one stock was seen advancing against every two declines.
(Pic.Source- bseindia.com)