Mumbai: The Indian markets ended this week on a fragile note ahead of the action-packed events lined-up for the upcoming week. Sensex gave up most of its gains it recorded last week.
The Sensex shut shop at 16213.46 down 274.78 points or 1.67 per cent at 16213.4 and the Nifty closed at 4866.70 down 76.95 points or 1.56 per cent. About 1131 shares advanced, 1811 shares declined, and 797 shares remain unchanged.
Nifty had a gap down opening in sync with the global markets ahead of the impending important European Union summit meeting. Nifty opened well below 4900 levels and continued to trade sluggishly for the major part of the trading session.
Selling pressure was seen across the Asian markets as much awaited EU summit failed to secure the full backing of the 27 nations for treaty changes to help fight euro-zone debt crisis. says Shanu Goel of Bonanza.
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