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Mumbai, July 7 (PTI) Indian markets once again succumbed to global volatility as investors resorted to heavy profit- taking, dragging the benchmark CNX-Nifty down by 48 points on the National Stock Exchange (NSE) today. Mirroring subdued Asian cues, trading resumed on a weak note and continued to be rangebound. The crack widened after the European bourses reversed their overnight rally on concerns over the global economic slowdown. "Our markets are reacting to international movements and awaiting positive domestic triggers to boost investor sentiment," traders said. The 50-share index touched a low of 5,233.45 before ending at 5,241.10, a fall of 47.95 points, or 0.91 per cent, over its last close. Oil and gas as well as banking and select auto counters witnessed the most sell-off. Tata Motors, ONGC, SAIL, Reliance and Sterlite Industries were the top five losers from the Nifty pack. However, Bharti Airtel, RCom and Reliance Capital were notable gainers. The total turnover in the cash segment rose to Rs 10,714.85 crore from Rs 10,068.57 crore yesterday. A total of 5,894.52 lakh shares changed hands in 52,08,726 trades. Market capitalisation stood at Rs 61,77,120 crore. PTI EDM PAK RSY.
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