Sensex, Nifty slips in red tracking European stocks

Commentary

oi-Monika

By Monika Nihalani

Published: Tuesday, November 29, 2011, 15:57 [IST]

Indian markets slipped in red wiping out morning gains trailing European stocks. The 30-share index BSE closed 0.98% or 158.79 points down to 16,008.34, while the NSE Nifty ended 0.95% or 46.20 points low to 4,805.10.

On European front, FTSE 100 dipped 0.27% and CAC 40 fell 0.36%.

The European markets opened weak on the news that Credit rating agency Standard & Poor's may cut France's outlook to negative within next 10 days.

The news triggered the global stock markets, leading to a fall.

On the sectoral front on the BSE, all major sectors dipped in red except FMCG, HealthCare and Auto.

The worst performers over the sectoral front were Realty (2.38%), Oil & Gas (2.07%), Bankex (1.92%), Metal (1.41%) and Consumer Durables (1.41%).

On the National Stock Exchange (NSE), the top gainers were Dr Reddy, Bajaj Auto, Hindustan Unilever, M&M and HeroMoto Corp.

While the top losers were Bharti Airtel, ACC, Kotak Bank, DLF & PNB.

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