The Indian stock markets ended in the red today. Even an increased six months high HSBC Services PMI for August could not support the market. Market participants were seen trading cautiously for most part of the day, amid o
vernight losses in the US and Asian markets in the wake of disappointing economic reports. The Sensex closed at the level of 17313.34 i.e., down by 127.53 points and the Nifty closed at the level of 5225.7 i.e., down by 48.3 points. This led the midcap & small-cap counters to close negative by a little less than half a percentage point each. On the sectoral front, except for FMCG & Teck indices, all the other indices closed in red. Metal & Capital Goods indices closed as the major losers with loses of over two and a half percentage points each. Further, the market breadth closed weak as only five stocks were seen advancing for every seven declines.
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