Markets are trading in red today due to fresh selling by retail investors and foreign funds triggered by weak global cues. The Bombay Stock Exchange benchmark Sensex lost over 62 points to quote at 17165 when reports last came in. .Simialrly, Nifty index of National Stock Exchange was down by 22 points at 5125.The Hong Kong's Hang Seng Index was down 0.70 per cent, while Japan's Nikkei fell 1.3 per cent in the morning trade.The US Dow Jones Industrial Average ended 1 per cent down in yesterday's trade.