Sensex, Nifty slide following global weakness in markets

Posted on Apr 11 2014 - 4:11pm by IBC News

Weakness in major markets around the globe is pulling down Indian stocks with the sensex and Nifty both down over 0.6% in early trades.

On Thursday, technology and biotech stocks in the US pulled down Nasdaq by over 3% which dragged down other Asian markets on Friday. Sensex was down 150 points at 22,567 while nifty was down 41 points at 6,756.

The slide was also because of profit taking after indices hit record highs on Thursday.