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FTSE falls

FXStreet (Mumbai) - The UK Equity markets trade lower today after the official data showed the UK retail sales declined more than market expectation in September.

The Ftse is trading 0.47% lower at 6370.30, down from a high of 6404 hit earlier today. The market breadth is negative with an advance decline ratio of 23:76. The index is being pushed lower by supermarket operator Tesco, which is trading down by 5.57%. Tullow Oil share price has also declined by 5%. On the other hand, Intertek and AIG are the top gainers for the day, up 3.91% and 1.44% respectively.

The equities have come under pressure as the Retail sales in the UK unexpectedly fell in September. Retail sales fell by a seasonally adjusted 0.3% last month, blowing past the forecasts for a decline of 0.1%.

Ftse Technical levels

The index has an immediate resistance of 6404 levels, above which it can rise to 6446 levels (Oct 2 low). On the other hand, prices may fall to 6229 levels if the immediate support level of 6315 is breached.

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