Market Watch

Wednesday 7 January 2015

Stock Market Closing Bell— Choppy Sensex falls



It was a consolidation day for the equity benchmarks as well as broader markets on Wednesday after a 3 percent cut seen in previous session.
However, market experts were not too worried about the correction. Ridham Desai of Morgan Stanley expects more volatility ahead but expects earnings to pick up in the next two quarters. Arvind Sanger of Geosphere says though he was cautious, he will buy into India on dips.
The 30-share BSE Sensex fell 78.64 points to 26908.82 while the 50-share NSE Nifty held 8100 level amid pressure, down 25.25 points to 8102.10. The broader markets closed flat.
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