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Today the Nifty stock market, which slipped into
negative territory after a fairly good start, bounced back in late morning only
to falter again due to a fresh round of selling at some front line counters. The
Sensex is down 78.72 points or 0.31% at 24,694.25, while the Nifty50 index of
the National Stock Exchange is down 22.75 points or 0.3% at 7514.05.
After a steady start, the Indian stock market drifted lower this morning, with investors treading cautiously amid mixed global cues. After recent disappointing data on industrial production and inflation and a somewhat mixed first batch of quarterly earnings reports, investors are looking for fresh direction. The stock market has opened volatile on last day of the week following mixed Asian cues.
The equity market remained marginally lower amid consolidation with the Sensex falling 35.95 points to 24737.02 and the Nifty declining 15.40 points to 7521.40. The broader markets have fallen more compared to benchmarks; the BSE Midcap was down 0.6 percent and Smallcap lost 0.9 percent. More than two shares declined for every share advancing on the Bombay Stock Exchange.
After a steady start, the Indian stock market drifted lower this morning, with investors treading cautiously amid mixed global cues. After recent disappointing data on industrial production and inflation and a somewhat mixed first batch of quarterly earnings reports, investors are looking for fresh direction. The stock market has opened volatile on last day of the week following mixed Asian cues.
The equity market remained marginally lower amid consolidation with the Sensex falling 35.95 points to 24737.02 and the Nifty declining 15.40 points to 7521.40. The broader markets have fallen more compared to benchmarks; the BSE Midcap was down 0.6 percent and Smallcap lost 0.9 percent. More than two shares declined for every share advancing on the Bombay Stock Exchange.
