India Markets Monday Wrap-Up: Most Of The Day In The Red
By Equitymaster: Mirroring a dismal performance across Asian markets, the indices in Indian stock market languished in the red throughout the session today. Reports on slowing growth prospects and threats to the asset quality of the banking sector did not help sentiments. Although the BSE-Sensex recovered from the day's lows, it closed lower by around 112 points (down 0.7%). The NSE-Nifty closed lower by around 38 points (down 0.8%). The smaller indices saw a worse performance today. The BSE Mid Cap and BSE Small Cap indices also lost around 1.9% and 2.5% respectively. Stocks from the engineering and banking sectors space were the top losers. However FMCG and oil and gas stocks managed to find some buyers.As regards global markets, other Asian indices closed in the red today while the European indices have opened in the green. The rupee was trading at Rs 52.95 to the dollar at the time ofComplete Story »
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