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Mkts see broad based selling
Mon, 15 Dec 01:30 pm

Indian share markets have continued to hover close to the dotted line in the post-noon trading session. Most sectoral indices are trading in the negative with IT and realty stocks being the biggest losers.

BSE-Sensex is down 70 points and NSE-Nifty is trading 16 points down. The BSE Mid Cap and the BSE Small Cap index are both trading lower by 0.4% each. The rupee is trading at 62.65 to the US dollar.

Banking stocks are trading mixed today, with the gainers being led by Dena Bank and Indian Bank. As per a leading business daily, loan growth in the country has come in at a 4 month high. Bank credit was up by 11.3% at the end of November as compared to the previous year. Reportedly, there are indications of a rise in loans to the infrastructure sector, particularly roads. Further, industrial projects too are said to be taking off at the fastest pace in 3 years.

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