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Monday, January 11, 2016

Post Session: Indian markets resume sell-off on lingering China fears

Leading the decline on BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1156.05,-3.40%), Wipro Ltd. (Rs. 537.80,-3.27%), Adani Ports & Special Economic Zone Ltd. (Rs. 234.00,-3.13%), Bharat Heavy Electricals Ltd. (Rs. 149.75,-2.57%), Dr. Reddy's Laboratories Ltd. (Rs. 2942.50,-2.26%), among others.

Meanwhile, Reliance Industries Ltd. (Rs. 1051.55,+2.69%), Tata Motors Ltd. (Rs. 360.65,+2.04%), Maruti Suzuki India Ltd. (Rs. 4279.45,+1.51%), NTPC Ltd. (Rs. 141.65,+1.47%), ITC Ltd. (Rs. 316.00,+0.85%), were among top gainers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3076, shares advanced were 1294 while 1636 shares declined and 146 were unchanged.

On the global front, the Asian equities ended in red after China’s December inflation data disappointed traders, raising fresh fears over Asia’s biggest economy. China’s Shanghai Composite crashed over 5 per cent and Hang Seng tumbled nearly 3 per cent on weak Chinese data, signaling weak demand in the country’s economy.