The Nifty and the Sensex ended marginally in the red on Friday following global cues. The Nifty closed at 5387, down 29 points (0.53 per cent) and the Sensex closed at 17783, down 67 points (0.38 per cent).
Market-men said negative sentiment had creeped in as a result of the recent CAG report which estimated that the coal scam could be bigger than the 2G scam.
“On the domestic front, while monsoon deficit has reduced, other concerns have emerged. Brent crude is trading at about $116 / barrel mark and the rupee has not appreciated by much. Food inflation remains high and retail fuel prices remain suppressed,” said Mr. Dipen Shah, Head –PCG Research Kotak Securities.
Trading was lack lustre and barring FMCG, Healthcare and Auto all other indices closed marginally in the red on the BSE. On the NSE, all others barring FMCG and the PSU indices closed in the red.
Volatility was marginally up and the India Vix closed at 16.16, up 0.25 per cent. ONGC, Coal India, BPCL, Maruti and Sesa Goa were the top five Nifty gainers while R-Infra, DLF, JP Associates, Jindal Steel and Tata Steel were the top five losers.