MARKET WRAP
Nifty ended moderately down losing 25 pts and Sensex was down 66 pts.
Germany Industrial production m/m came better than expected at 2.8% vs 0.8%
Britain’s BRC Retail sales monitor y/y came less than expected at (-) 3.3%.
The Nifty closed below 5000 as negativity prevailed in the markets. Barring FMCG and IT, all sectoral indices closed negative with realty, metal, banking and power being the worst performers. Global weakness weighed on the Indian markets too as uncertainty loomed large over Europe post election results in France and Greece.
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