Comments
Benchmark indices the Nifty and the Sensex ended marginally in the red for a second straight day on lack of cues.
The Nifty closed at 5,335, down 16 points while the Sensex closed at 17,632, down 47 points.
Dealers said fatigue had set in and it required concrete fiscal measures on the part of the government to take bourses up.
“Many mid-cap stocks faced huge sell off due to margin calls. Unless the marked reforms are not introduced, these kinds of falls will keep on happening,” said Mr Kishor Ostwal, CMD, CNI Research.
IT, FMCG, pharma and Energy were the only indices to close in the green. Mid-cap and small cap indices lost in excess of one per cent.
Volatility was lower than yesterday and the India Vix closed at 16.35, down 0.73 per cent.
PowerGrid, TCS, Asian Paints, Dr Reddy's and Sun Pharma were the top five gainers on the Nifty while Sterlite, Jindal Steel, JP Associates, Hindalco and Sesa Goa were the top five losers.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.