Sensex struggles to stay above 10,000 mark

[quote]The poor run of Indian indices continued unabated for the fifth consecutive day on Wednesday as foreign investors reporting negative numbers played spoilsport and dampened investor sentiments.
On Wednesday, the 30-share Sensex of the Bombay Stock Exchange (BSE) dipped below the 10,000-mark during intra-day trades for the first time since June 28. It touched a day's low of 9,972.73, before closing at 10,007.34, down 219.44 points or 2.15%. The index has now lost more than 900 points in the last five sessions. Meanwhile, the broader S&P CNX Nifty of the National Stock Exchange (NSE) ended the day lower by 60.90 points at 2,932.75.

Market participants say reports of a high crude price and net outflows from FIIs are making investors wary of taking fresh positions in the market.

According to provisional figures, FIIs were net sellers at nearly Rs 67 crore on Wednesday. Foreign investors have sold equities worth more than Rs 1,600 crore in the last four trading sessions.
On BSE, nearly 1,900 stocks lost ground, against less than 500 gainers. Most of the sectoral indices lost in the range of 2-4% each. The BSE Metal was the worst-affected, shedding close to 4% or more than 300 points. The technology pack was also in the red after gaining ground in the recent past owing to the weakening of the rupee. The BSE IT was down by 118 points or 3.06%. Incidentally, Wipro Ltd, Satyam Computers and TCS were the top three losers of the Sensex pack.
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Source = http://www.financialexpress.com/fe_full_story.php?content_id=134631

Market has been unstable for quite some time now. Its picks up for 3-4 days and again goes down for nearly a week. All those who wish to invest may have to wait till it stabilises atleast.