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    HomeNewsBusinessMarketsGlobal cues drag Nifty below 6100; banks, cap goods dip

    Global cues drag Nifty below 6100; banks, cap goods dip

    At 14:11 hours IST - the benchmark Sensex shed around 200 points in afternoon trade while the Nifty was trading well below the 6100 level, led by further sell-off in financial, capital goods, realty, metal and auto companies' shares.

    January 05, 2011 / 15:06 IST

    At 14:11 hours IST - the benchmark Sensex shed around 200 points in afternoon trade while the Nifty was trading well below the 6100 level, led by further sell-off in financial, capital goods, realty, metal and auto companies' shares along with heavyweights ONGC (tanked 2%) and Infosys (down 0.8%). Reliance Industries too slipped into red.


    Weak European cues weighed on markets; France's CAC, Germany's DAX and Britain's FTSE were down 0.5-1%. Even Dow Jones and Nasdaq futures declined 0.5% each.

    Jim Walker, MD of  Asianomics said that Europe is a bigger problem than China and US.
    first published: Jan 5, 2011 02:17 pm

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