Today Indian stock markets ended below psychological support levels, reacting sharply to negative cues from European peers. European debt crisis continued to haunt the markets for the second straight session today, with the benchmark Sensex slumping 164 points, as investors turned risk averse. The Bombay Stock Exchange's 30-share index ended at 16,617.10, down by 163.97 points, or 0.98 per cent. The index opened flat and stayed in a narrow range for the first half of the day. However, the markets fell sharply in the second half amid doubts over the sustainability of the global recovery after credit ratings agency Fitch warned that United Kingdom faces a "formidable" fiscal challenge, brokers said. The index touched a low of 16,560.64 and high of 16,895.73 during the session.
The wider index Nifty of the National Stock Exchange went below the psychological level of 5,000 and ended 0.93 per cent down at 4,987.10. Realty, metals and oil&gas were the worst hit sectors while FMCG stocks ended marginally higher. The broader index touched a low of 4967.30 and high of 5071.35 intraday.
Ref: Stock Market News
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