It was one of those rare days when the Nifty closed in the red and the Sensex in the green.
The Nifty closed at 5951 down 17 points while the Sensex closed minutely in the green at 19663.64, up 0.09 points.
“IIP at 0.1% for November continued to highlight the weak trend in economic activity. Market reaction to the IIP was largely neutral. Post the IIP numbers, the inflation data is awaited.
Infosys kicked off the results season on a good note and one can expect healthy numbers from other large IT companies as well. Given the weakening economic backdrop, expectations from earnings are muted.
However, market may reward companies that are able to post decent profits in these challenging times,” said Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities.
Volatility also closed marginally in the red and the volatility index India VIX closed at 13.23.
Infy, Wipro, TCS, HCL Tech and Lupin were the top five Nifty gainers while HUL, Jindal Steel, JP Associates, Kotak Bank and ONGC were the top losers.