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Friday, April 29, 2016

Sensex, Nifty under pressure on weak European cues; banks drag


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The market remained under pressure with the Sensex falling 104.69 points to 25498.41 and the Nifty declining 35.95 points to 7811.30. The market breadth, too, was weak as about two shares declined for every share advancing on Bombay Stock Exchange.
Metals, FMCG, infra and select banks stocks caught in bear grip while pharma stocks outperformed. European stocks traded lower today after declines on Wall Street and the Bank of Japan’s (BOJ) decision to stand pat on monetary policy rattled investor sentiment. France’s CAC and Germany’s DAX fell over a percent followed by Britain’s FTSE with 0.7 percent loss

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