Caution ahead of the weekend and an event-heavy month, coupled with short positions in the December series, weighed on indices.
For the week, Nifty and Sensex were down by 2.5% each. All sectoral indices ended in the red and PSU banks and realty stocks were the worst hit. Even the midcap and smallcap stocks were not spared.
The S&P BSE Sensex ended at 32,832, down 316 points, while the broader Nifty50 settled at 10,121, down 104 points.
On the global front, European markets were trading lower, while Asian markets also ended in negative zone as investors awaited the US Senate’s vote on tax reform legislation.
All NSE sectoral indices ended in the red today, with the PSU Bank indexlosing over 2% to be the biggest laggard.
Volumes were low as the money market is closed today on account of Id-e-Milad.
Among stocks, Biocon ended over 3% higher as the European Medicines Agency accepted its marketing authorization application for trastuzumab and pegfilgrastim.
No comments:
Post a Comment