Continuing from where they left off yesterday, the indices began the day’s proceedings on a weak note. Sentiments remained weak as indices languished in the red throughout today’s trading session. During the last hour of trade, persistent selling activity led the indices to drop further. The Sensex closed lower by around 320 points, while the Nifty closed lower by 100 points. Stocks from the mid-cap and small-cap indices also ended in the red. Selling activity was witnessed across sectors, with stocks from the power and banking sectors leading the pack of losers. However, the FMCG pack managed to buck the trend. Rupee closed at 49.24 against the US dollar. While the Asian markets ended in the red today, the European indices are currently trading weak.
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