Nifty struggles below 7550, Midcap falls too; Europe declines

The market remained marginally lower amid consolidation with the Sensex falling 35.95 points to 24737.02 and the Nifty declining 15.40 points to 7521.40. The broader markets have fallen more compared to benchmarks; the BSE Midcap was down 0.6 percent and Smallcap lost 0.9 percent.

More than two shares declined for every share advancing on the Bombay Stock Exchange.

European markets traded lower as Chinese stocks closed sharply lower and the oil price continued to come under pressure. Miners led stocks lower after BHP Billiton announced a huge impairment charge against its US assets. France’s CAC, Germany’s DAX and Britain’s FTSE declined 0.2-0.5 percent.

For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH

Connect with our social media sites 

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Posted in: Indian Market Tips