Indian Stocks markets closes in red | Sensex down 69 pts

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As predicted in my early post the fears of the second dip in global economy is already on, with the major world indices also trading in red, Major Indian stock indices like BSE's Sensex and NSE's Nifty also closed down thus following it's global peers. The National Stocks Exchanges's Nifty index closed down by 13 points at 5402.40 whereas the 30 component benchmark index Sensex closed down by 69 points.

Most of the sectoral sub indices at Bombay Stock Exchange were also down with BSE Oil and Gas index leading the list followed by Realty Index, Metal index and FMCG index. Indian markets shall remain in red through out the remaining days of the week as global economic condition is not looking very promising due to rising fears of the second dip.

market breadth at NSE was negative with over 2100 declines against only 1000 some advances.

Major losers at the Bombay Stock exchange today were RIL, Reliance Communications, JP Associstes and tech firm HCL technologies. while there were some gainers in Ambuja Cement, Ranbaxy and Tata Motors.