Thursday, January 15, 2009

Market Watch: Down on global cues

Taking cues from their global peers, the Indian markets started the day’s proceeding on a weak note. While selling pressure is being witnessed across the board, stocks from the software and realty sectors are the worst hit. The overall decline to advance ratio is poised at 4.2 to 1 on the BSE. As regards global markets, the US market and European markets ended in the red yesterday. The Asian indices are currently trading weak.

The BSE Sensex and NSE Nifty are trading weak, lower by almost 367 points and 110 points respectively. The BSE Midcap and Smallcap indices are trading in the red, down by 2.3% and 1.8% respectively. The rupee is trading at 49.10 to the dollar.


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