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PTI
Mumbai
Markets ended in red on mild profit- booking mainly in Telecom, Capital Goods, Refinery and Energy sectors on the back of lower global cues amidst fresh foreign capital outflows.
Telecom sector fell by 2.20 cent hit by concerns that DoT will soon issue demand notice of over Rs 12,500 crore to six telecom operators amid allegations of under-reporting of revenue to the tune of Rs 45,000 crore.
Major telecom losers were GTL Infra 6.38 percent followed by GTL 5.70 percent, R.Com 3.15 percent, TTML 3.75 percent, IDEA 2.86 percent and Bharti Airtel 2.28 percent. Foreign portfolio investors (FPIs) sold shares worth a net Rs 299.51 crs yesterday, as per provisional data released by the stock exchanges. The sensex opened higher at 27,292.20 and moved up further to 27,294.82 on initial buying. But fell afterwards to 27,034.14 before finishing at 27,126.90, showing a loss of 74.59 points or 0.27 percent.
The NSE 50-share Nifty moved down by 14.70 points or 0.18 percent to 8,323.20 after moving in a range of 8,353.30 and 8,287.55. US stocks ended mostly lower yesterday tracking sinking oil prices, but the market pared losses late in the session as investors sought bargains ahead of the closely watched jobs report.
Key Asian indices like China, Hong Kong, Japan, South Korea and Singpaore fell by 0.53 percent to 1.11 percent today. European markets were trading narrowly mixed as key indices like France and Germany moved up by 0.32 percent to 0.60 percent while UK's FTSE was quoted lower by 0.16 percent.
