There was a lack of conviction in markets for the third consecutive session. The benchmark indices traded lower for major part of the day and ended on a weak note, but there was volatility throughout the session.Action was muted at FII desk while domestic flows were almost mixed. Mutual funds remained on the sidelines. Select buying support was seen from domestic insurance companies.
Sell-off was seen in technology, capital goods, power, auto, telecom and select banking stocks as well as Reliance Industries and Sterlite Industries. However, metal, shipping, cement stocks as well as ICICI Bank ended with good gains. Weak global cues also put pressure on our markets.
The 30-share BSE Sensex was about to break 9000 mark during the day, but that did not happen and has moved back from an Intraday low of 9,017.08. It ended at 9,090.88, down 110.97 points or 1.21%. The 50-share NSE Nifty shed 23 points, to settle at 2780.05, that was down by 0.82%.
Volumes were pathetic in today's trade, total traded turnover stood at Rs 40,312.12 crore. This includes Rs 6,920.35 crore from NSE Cash segment, Rs 30,808.31 crore from NSE F&O and the balance Rs 2,583.46 crore from BSE cash segment.
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