Global weakness weighs on markets

Markets continue to trade in green but global weakness weighs. Sensex is trading below the 20,000 mark at 19,985, up 80 points. However, Nifty has managed to sustain above 6000 level, currently trading at 6002, up 22 points.

European Markets are trading lower on back of losses in mining stocks. Germany's DAX-30 index has advanced 1.2%, CAC 40 has risen 2%, the U.K. FTSE 100 is trading flat, down 0.3%.

In Asia, markets have remained subdued as they await Federal Reserve's policy which will be announced later today. South Korea's Seoul Composite has risen 0.3% , China's Shanghai Composite Index and Hong Kong's Hang Seng Index are trading flat. Japan's Nikkei has fallen 0.25%, it has entered the negative territory after touching 7-week high.

Broader markets underperform the benchmark Sensex, midcap and smallcap indices have fallen 0.8% and 1.2% each.

Profit booking is also seen in the FMCG space which was the lead gainer yesterday. The index is down 1.8% at 3,621. ITC is the top loser, down 2.6%; other prominent losers in FMCG pack are Godrej Consumers, down 3.3%, Dabur India, down 2.4% and Ruchi Soya, down 1.5%

Capital goods is leading the gains, the index us up 1.3% at 15,908; Usha Martin has risen 3.2%, followed by L&T and Siemens, up 2.2%

HDFC is the top gainer on Sensex, up 2.9%, followed by Wipro, up 2.4% and Tata Power, up 2.3%.

Besides ITC, Hindalco and DLF are top loser Sensex, down by over 1.5% each.