The markets were seen trading in the red tracking weak global cues. The Sensex was trading at 17553 with a loss of 200 points while Nifty was down 64 points at 5322. Global markets have reacted negatively to Federal Reserve Chairman, Ben Bernanke’s silence on not signalling any further monetary easing to stimulate growth in the US, with Wall Street falling sharply. European markets welcomed the second round of long-term financing from the European Central Bank, but the markets did not react too positively. On the national front, the government plans to sell a 5 percent stake through auctions in the state run ONGC today. Except Healthcare, all of the sectoral indices were in the red with realty, banking and capital goods stocks leading the fall. The market breadth was negative and one stock was seen advancing against every two declines.
(Pic. Source- bseindia.com)
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