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    India Markets Friday Wrap-Up: Volatility Mars Indian Indices

    Fri, 07/06/2012 - 07:30 EDT - Seeking Alpha
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    By Equitymaster: Indian equity markets had a volatile outing today. The indices began the day's proceedings on a weak note. Thereafter, they languished in the red throughout the morning session. However, buying activity picked up pace post noon pushing the indices towards the dotted line although they could not break above it. The final trading hour saw the indices close marginally into the negative. While the Sensex today closed lower by around 18 points, the NSE-Nifty today closed lower by 10 points. The BSE Mid Cap and the BSE Small Cap were not spared either as they closed lower by 1% and 0.2% respectively. Losses were largely seen in metal and consumer durables stocks, while banking and FMCG stocks managed to buck the trend. As regards global markets, Asian indices closed mixed today while European indices have opened in the red. The rupee was trading at Rs 55.48 to the dollar atComplete Story »

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