Closing Summary- Market synopsis- 12 December, 2011

Markets reacted positively in the opening trades today tracking EU Summit outcome. However, it slipped into the red following the announcement of disappointing Index of Industrial Production data for October. The Sensex closed at 15870 down by nearly 345 points and the Nifty ended at 4764 down by around 100 points. Most of the sectoral indices ended in the negative with losses of over two percent. Metal was the biggest loser and lost over four percentage points while IT was the only sector to end in green with gains of around one percent. The breadth of the market remained dismal for most part of the day with one share advancing against every four shares declining.
(Pic. source- BSE India)