Morning Summary- Market Synopsis- 29 December, 2011

The equity benchmarks slipped in the morning trade extending its losses for the third consecutive session. A weakening trend in other Asian bourses and the overnight losses in the US and European markets dampened sentiments. Nifty was quoting 4682, down 23 points over the previous close while Sensex was seen trading at 15655 with a loss of 73 points. The weekly food inflation numbers are to be released today and will be tracked closely after having come off sharply in the past few weeks. All the sectoral indices were seen trading in the red with Oil & Gas and Power leading the losses. Market breadth was weak and three stocks advanced against every five declines.
(Pic. Source- bseindia.com)