Markets correct on weak global cues, FII outflows

Indian markets fell more than 1% on Friday, along with most global markets, on concerns over stability in Europe and outlook for the US economy. Investors also remained cautious before the release of US jobs data and an Italian referendum on reforms.  

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The benchmark Sensex ended at 26,230.66, down 330 points, or 1.24%, the biggest fall since November 21. The Nifty 50 index declined 106 points, or 1.3% to end at 8,086.8.“Markets ended on a weak note, dragged down by concerns over the Italian referendum and the US non-farm payrolls data. US bond yields continue to remain at elevated levels and this has kept the sentiment cautious,” said Dipen Shah, senior vice-president, Kotak Securities.   Financial Astrology Tips

Foreign investors sold shares worth Rs 190 crore on Friday, provisional data provided by stock exchanges showed. Domestic investors, too, were net sellers to the tune of Rs 419 crore.

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