Tokyo  - Japan'

New York  - US stocks fell Monday, as a volatile year for the markets draws to a close, amid concerns over bleak corporate news and tensions in the Middle East and South Asia.

A 17.4-billion-dollar deal between Kuwait's state-run Petrochemical Industries Co and Dow Chemical Co, the largest US chemical maker, fell through. The joint venture would have enabled Dow to acquire rival Rohm & Haas, the world's largest maker of acrylic paint ingredients.

Indian equities belled the day (Monday, Dec 29) on a weak note because of negative global cues.

Select FMCG, pharma, metal and oil stocks went up, while realty stocks slipped on selling pressure.

There were huge losses for a variety of stocks from auto, capital goods, information technology, power and banking sectors as well.

BSE Midcap and BSE Smallcap stocks remain quite subdued this morning.

At 10:26 a.m., the BSE Sensex, which opened with a small negative gap at 9318.86, stood at 9204.97, down 123.95 points.

Tokyo - Japan's markets shed value Monday mo

Tokyo - Japan's markets shed value Monday morn

The BSE Sensex lost a further 240 points to close at 9,329, thus sliding for the fourth consecutive session. The weekly sensex loss was taken to 771 points or 7.6% by the Friday's fall. Due to the day's slide, the investor's lost up to Rs 53, 000 crores with BSE market capitalization now at Rs 30.1 lakh crore.

It has also been learnt that the advance tax collections for the quarter were 22% less on a yearly basis. According to the market players, the government's announcement that advance tax collections were lower pointed to lower profitability for the corporates and hence the slide in the market.