MoneyBazaars

The Asian markets were hit badly while the European markets were trading weak. The Indian market is trading at the day's low. Sensex is trading at 16337, down 312 points and Nifty is at 4872, down 74 points from the previous close. The CNX Midcaps index is down 2.35% and BSE Smallcaps index is down by 2.27%. Banking, FMCG, metals, realty and power stocks have all taken a beating. The market breadth is negative with advances at 181 against declines of 1069 on the NSE