The Indian indices resumed their downward journey after the steep rally
witnessed yesterday. The frontline indices opened with a loss of around
one percentage point on the back of weak global cues. Yesterday, the ECB
announced that it had injected €489.19bn into the region's banks to
address the eurozone debt crisis. However, doubts remained over how much
of the funds will actually flow into struggling euro zone economies and
help restore confidence. The rupee, which advanced yesterday, is also
down today versus the US dollar. Sectorally most of the indices were
seen trading in the negative with Technology stocks losing over two
percent. FMCG, Healthcare and Power managed to stay in the positive in
this weak markets. Market breadth was weak and five stocks advanced
against every eight declines. (Pic. Source- bseindia.com)
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