The indian markets opened lower today following weak Asian cues. This is the fourth straight fall, as investors remain wary about the worsening macro-economic fundamentals, weak FII flows and policy inertia. Benchmark index, Nifty was quoting at 4939, down 27 points over the previous close while Sensex was trading at 16349 with a loss of 71 points. The undertone is cautious as investors await the release of IIP data for March at noon.The industrial production growth for March is likely to grow at a lower rate of 1.1%- 1.7% from February's 4.1% expansion. Sectorally, all the indices are seen trading in the red. Realty is the biggest loser of the day with over one percent losses. The market breadth is weak and four stocks are seen advancing against every nine declines.
(Pic. Source- bseindia.com)
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