The sharp decline in markets, Sensex down 300 points and Nifty 100 . International markets are getting weak signals the start of the Indian markets has declined.
Sensex and Nifty is open down one per cent. Except pharma sector index on NSE index is trading in red.
The BSE 30-share Sensex index dropped 300 points at 25984.28 levels has come. The Nifty fell 90 points to 7886.65 level has come.
Market experts say that the home signal is too weak.
GDP growth in the first quarter of fiscal 2016 is 7 per cent. While GDP growth in the fourth quarter of fiscal year 2015 was 7.5 percent. So investors should bet on defensive sectors.
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