The stock markets lost ground for the third day in a row, as investors forced the bellwether Sensex down by 83.73 points taking cues from weak Asian and European markets.
In a volatile trade, the 30-share index closed lower by 83.73 points at 15,467.46 points.
The broader 50-issue Nifty of the National Stock Exchange declined by 17 points or 0.37 per cent to 4,608.35.
Weak global cues triggered selling on the domestic stock markets. Realty, auto, capital goods and power counters attracted profit- booking while some of the IT shares were in keen demand.
The Nifty today maintained its support of 4,600 and closed at 4,608 on profit-booking by foreign as well as domestic institutional investors. Technically, the index can correct further and may test 4,550-4,500 levels if it trades convincingly below the support level. For an upside breakout, the Nifty has to close convincingly above 4,730.
Be cautious do not accumulate till direction is established.
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