Reply #67: Markets fall on European decline, metals biggest loser

[xchrom]

http://www.firstpost.com/investing/markets-fall-on-european-decline-metals-biggest-loser-8796.html

A sideways market fell rapidly during the second half of the day as soon as European markets opened. Good news like a better than expected IIP numbers and lower food inflation barely helped the market.

The BSE Sensex fell by 249 points to close the day at 18,335.79 points while the NSE Nifty was down by 79 points to 5,486 points. All but three index stocks were in the red. Commodity stocks were the worst affected as Sterlite fell by 4.76% and Hindalco by 4.66%. ONGC was the biggest gainer with a 0.6% rise to Rs 301.95 followed by Hindustan Unilever which traded 0.5% higher at Rs 301.40. Realty firm DLF was on a positive turf with the stock climbing 0.18% to Rs 227.60.