Good Morning Everyone,
As anticipated, the main Indian stock indices have taken a beating in early morning trade, with the Sensex and the Nifty losing ~1.75% on the back of weal global markets. Global risk aversion increased after elections in Greece and France fuelled questions on their austerity policies. Sensex is trading at 16529 with a loss of 302 points while Nifty is trading at 4994 having lost around 94 points. All the sectoral indices are seen trading in the negative territory. banking, Realty and Consumer Durables are the worst performers having shed over two percentage points. The market breadth is extremely week as one stock is seen advancing against every six declines.
As anticipated, the main Indian stock indices have taken a beating in early morning trade, with the Sensex and the Nifty losing ~1.75% on the back of weal global markets. Global risk aversion increased after elections in Greece and France fuelled questions on their austerity policies. Sensex is trading at 16529 with a loss of 302 points while Nifty is trading at 4994 having lost around 94 points. All the sectoral indices are seen trading in the negative territory. banking, Realty and Consumer Durables are the worst performers having shed over two percentage points. The market breadth is extremely week as one stock is seen advancing against every six declines.
(Pic. Source- bseindia.com)
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