<p>The BSE 30-share Sensex was down 286.62 points or 1.37 per cent to close at 20,589.09, after hitting the day’s high of 20937.38 hit in early trade, while the index fell 331.49 points at the day’s low of 20544.22 in late trade. <br /><br />The 50-unit S&P CNX Nifty was down 81.45 points or 1.3 per cent to settle at 6,194.25 points in the day’s closing. The BSE Mid-Cap index fell 1.12 per cent, while the BSE Small-Cap index rose 0.47 per cent. <br /><br />Reports suggest that G-20 talks are not working out especially on currencies, which perhaps could be the start of some negative triggers that the Indian markets have suddenly faced during this day, say analysts in D-Street. <br /><br />Another negative has been that some crisis in Ireland led to grave ramications financially on countries like Spain and Italy which led to last one hour of trade on European bourses becoming excessively volatile. <br /><br />The market fell for the second straight day and US index futures edged lower, while telecom, banking, IT FMCG and capital goods stocks fell. Also, all sectoral indices on BSE fell this day. The market pared gains after a firm start. It reversed gains to hit fresh intraday lows in morning trade, then did cut losses in mid-morning trade and remained weak in afternoon trade. Thereafter, it further continued its downward trend to hit fresh intraday lows in late trade.<br /><br />Traders pointed out that a slowdown in FII investment could also be the reason, which is also playing in the minds of investors. They say that the primary market seems to be pinching at this point of time because Coal India went through like a breeze sucking liquidity, Power Grid FPO again sucked up a lot more liquidity. <br /><br />Yet, they maintain, at these elevated levels, some amount of caution is bound to get into the system. All the same, experts are still bullish on markets as they advise buying on every dip. <br /><br />The market breadth turned weak from strong breadth earlier in the day, with as many as 1379 shares on BSE fell while 1780 scrips rose and a total of 290 stocks remained unchanged.</p>
<p>The BSE 30-share Sensex was down 286.62 points or 1.37 per cent to close at 20,589.09, after hitting the day’s high of 20937.38 hit in early trade, while the index fell 331.49 points at the day’s low of 20544.22 in late trade. <br /><br />The 50-unit S&P CNX Nifty was down 81.45 points or 1.3 per cent to settle at 6,194.25 points in the day’s closing. The BSE Mid-Cap index fell 1.12 per cent, while the BSE Small-Cap index rose 0.47 per cent. <br /><br />Reports suggest that G-20 talks are not working out especially on currencies, which perhaps could be the start of some negative triggers that the Indian markets have suddenly faced during this day, say analysts in D-Street. <br /><br />Another negative has been that some crisis in Ireland led to grave ramications financially on countries like Spain and Italy which led to last one hour of trade on European bourses becoming excessively volatile. <br /><br />The market fell for the second straight day and US index futures edged lower, while telecom, banking, IT FMCG and capital goods stocks fell. Also, all sectoral indices on BSE fell this day. The market pared gains after a firm start. It reversed gains to hit fresh intraday lows in morning trade, then did cut losses in mid-morning trade and remained weak in afternoon trade. Thereafter, it further continued its downward trend to hit fresh intraday lows in late trade.<br /><br />Traders pointed out that a slowdown in FII investment could also be the reason, which is also playing in the minds of investors. They say that the primary market seems to be pinching at this point of time because Coal India went through like a breeze sucking liquidity, Power Grid FPO again sucked up a lot more liquidity. <br /><br />Yet, they maintain, at these elevated levels, some amount of caution is bound to get into the system. All the same, experts are still bullish on markets as they advise buying on every dip. <br /><br />The market breadth turned weak from strong breadth earlier in the day, with as many as 1379 shares on BSE fell while 1780 scrips rose and a total of 290 stocks remained unchanged.</p>
