The market continued to
trade lower on mild profit booking on the very first day of the year 2015. The
Sensex fell 47.59 points to 27451.83 and the Nifty declined 14.60 points to
8268.10 while the broader markets outperformed frontline indices.
The BSE Midcap and
Smallcap indices gained 0.5 percent each. About two shares advanced for every
share declining on the Bombay Stock Exchange.
The Nifty is expected to
oscillate between 7,600 on the downside and 9,500 on the upside, according to
Amit Gupta of ICICI Direct.
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