Good Morning Everyone,
As anticipated, the Indian shares extended heavy losses of Friday afternoon. Investors continue to shun risk amid no sign of improvement in the domestic economic fundamentals and persistent worries about the Eurozone debt crisis. The rupee, which had recovered on Friday, has also resumed its descent and is trading above the 53 per dollar mark. The midcap and the small-cap counters are trading negative by over a percentage point. On the sectoral front, except the Consumer Durables index, all the other indices are trading in red. Bank, Capital Goods and Realty counters are leading the list of losers. Further, the market breadth is even negative as only one stock is seen advancing for every five declines.(Pic. Source- bseindia.com)
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