The Indian markets reversed some of the hefty gains made earlier in the week after Federal Reserve Chairman Ben S. Bernanke refrained to give any firm commitment on QE3 to stimulate the US economy. Sensex was seen trading at 16588, down 61 points points over the previous close while Nifty was quoting at 5029 down 21 points over the previous close. Sectorally, except Capital Goods and FMCG, all the indices were seen trading in the red. Consumer Durables was the biggest loser losing over one percent. The market breadth was negative and nine stocks were seen advancing against every fourteen declining stocks.
(Pic. Source- bseindia.com)
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