The markets ended ended flat after trading in green for major part of the day. The weakness was seen despite encouraging cues from the US and Asia, which closed higher. Nifty was down nearly 150 points from the day's high and Sensex was down 550 points from the highs. Metal stocks were the worst hit with Sail, Tata Steel and Hindalco among the top losers.
The markets fell reasoning after the sun outage on account of lower IIP numbers.Jan Industrial Growth At 5.3% versus 11.6%, YoY; capital goods growth was at 2.1% versus 16% last year.
This has negatively impacted the markets and specifically the capital goods which are off the highs.
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