Markets have been range bound for major part of the day but with selling coming the late sessions finally closed in red with a loss of 170 points in Sensex.
US markets too were down and closed down 0.7% in DOWJONES.
Asian markets are all trading in red.
Indian markets may trade volatile before the expiry on thursday, and today we may see profit booking in markets as the sentiment looks bit negative with continous rise from 2700 levels , Some sectors like reality & Infra looks like fizzling with profit booking coming on the stocks. Auto sector might witness some weakness as thge bad news in the sectors is getting worse every day. The February light-crude-oil contract fell $2.45, to close at $40 a barrel . Oil refining firms like IOC, HPCL and BPCL might be major beneficiaries of this fall.
We advice members to trade cautious as there would be lot of volatility before expiry . Today we may see negative trend in the markets as the global cues are negative going ahead of the trade.
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