Markets shrug off good news, in global fall

Ignoring the good news on the economic and corporate front, the BSE Sensex fell by 104 points, resonating markets across the globe, reports HT Correspondent.

Ignoring the good news on the economic and corporate front, the BSE Sensex fell by 104 points, resonating markets across the globe.

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Fears of a weak fourth quarter in the US after a feeble performance by Alcoa, the world's leading producer of primary aluminium, led to fall in stock markets across Europe.

While the Indian markets opened weak following the weak Asian market, the Sensex did rise in line with better-than-expected quarterly results by Infosys Technologies and the strong forecast for the full year.

It witnessed a sudden spike as the IIP numbers trickled in before sinking again under the pressure of European markets that were all trading in the red.