The Indian markets started off trade on a lower note following global downtrend due to endless Greek and Spain concerns. The undertone is also cautious before the release of IIP data for April later today.The market is closely watching industrial output data today and expects a growth of one to two percent after a negative 3.5% reading in the previous month. The Sensex was trading at 16639, down 29 points from the previous close while the Nifty was 9 points lower at 5045.Sectorally, half of the sectoral indices were trading in the green while the other half were seen trading in the red with minor losses. Consumer Durables and Realty are the biggest gainers with over half a percentage gains. FMCG was the biggest loser and lost close to 70 basis points. The market breadth was slightly weak and five stocks were seen advancing against every six declines.
(Pic. Source- bseindia.com)
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