Heavy selling is seen in scrips across sectors. Among the major losers on the indices are Zee, L&T, Nalco, Maruti, Grasim, Hindalco, ONGC and Jet Airways.
The markets have fallen in line with weak global markets. The Dow ended nearly 200 points low on inflation concern, high oil prices and Fed signals of further hike in the interest rates. The market breadth is in favour of declines, about 69 shares have advanced, 810 shares declined, and 6 shares are unchanged. Heavy selling is seen in scrips across sectors. Among the major losers on the indices are Zee, L&T, Nalco, Maruti, Grasim, Hindalco, ONGC and Jet Airways.Reasons summary:
1.Markets end down amid lack of buying interest
2.BSE Metal Index down 3.68%; Hind Zinc down 6.8%, Sterlite down 6%
3.BSE Oil & Gas, FMCG Indices down over 2.5% each
4.ZEE, L&T hog the limelight, up 6.27% & 4% respectively
5.Bombay Dyeing down 7.68%, Century Textlie down 5.7%
