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Markets tank towards end of trade
Wed, 15 Apr Closing

Indian markets closed today's session succumbing to the late sell-off. All the sectoral indices that were trading in the green with robust gains of over 1% finished today's trading day in the red. BSE-Sensex closed today's trading session with a loss of nearly 250 points while NSE-Nifty finished today's trading session with a loss of about 80 points. Barring FMCG and oil and gas which survived the late sell-off and finished in green, sector such as automobile, healthcare and IT sectors finished with losses of over 1%.

European shares, unlike the Indian markets, are trading in the green. The trade balance of the Euro zone came in slightly below expectations; however, investors await the Euro zone's interest rate decisions. Germany's DAX and France's CAC increased 0.5% and 0.64%, respectively. The value of the Indian Rupee against the Euro Currency declined 0.26% or 0.17 and is available at Rs 66.15.

Commodities pared early losses and precious metals gained. Gold prices are trading with negligible change down 0.01% or Rs 2 while silver prices are trading with slight losses of 0.03% or Rs 10. While the gold prices, per 10 grams, are trading at Rs 26,540 levels, silver prices, per kilogram, are trading at Rs 36,300 levels. Crude oil prices, per barrel, gained over 1% and are currently available at Rs 3,380 levels.

Finance stocks ended mixed today. Geojit BNP Paribas led the gainers while Shriram Transport Finance led the losers. Shares of Muthoot Finance fell over 2% on profit booking. The gold lender stated that it would foray into the home loan business. The company further said that it will start offering loans in Kerala and slowly expand its footprint in Tamil Nadu, Karnataka and Andhra Pradesh. The range of the housing loan will start from Rs 1 lakh and will be provided up to Rs 5 crore with interest rates starting from 10.0% for tenure of 30 years.

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