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It can be called as a bad day for Indian stock markets and indian economy, The only positive news coming is that worst finance minister has now finally taken oath as president, thus we might see now various economic initiatives being taken immediately. Meanwhile rupee is consistently at 56+ to a USD, Foreign direct investments in may declined to a meagre 1.32 billion USD, Indian economy loosing sheen as political class is sleeping (still).
Benchmark Indian stock indices including BSE's SENSEX and NSE's NIFTY closed down today, as investors wait for any economic update from the government to keep economy on track and preventing rupee to deteriorate further. Sensex ended a choppy session in the negative territory on Wednesday after shedding some of the intraday losses ahead of July series F&O expiry.
30 component Sensex closed at 16,846.05, down 72.03 points. The most follwed index touched a high of 16,899.01 during daytrading today. The broader index NIFTY closed at 5,109.60, down 18.60 points. It touched a low of 5,076.60 in intraday trade today.
Sector-wise updates from Bombay Stock Exchange:
BSE Metal Index closed down by 2.03 percent, the BSE Power Index was down 1.41 percent and the BSE Capital Goods Index declining by 0.91 percent. The BSE FMCG Index was however up by 0.41 percent and the BSE IT Index gained 0.28 percent today.
Benchmark Indian stock indices including BSE's SENSEX and NSE's NIFTY closed down today, as investors wait for any economic update from the government to keep economy on track and preventing rupee to deteriorate further. Sensex ended a choppy session in the negative territory on Wednesday after shedding some of the intraday losses ahead of July series F&O expiry.
30 component Sensex closed at 16,846.05, down 72.03 points. The most follwed index touched a high of 16,899.01 during daytrading today. The broader index NIFTY closed at 5,109.60, down 18.60 points. It touched a low of 5,076.60 in intraday trade today.
Sector-wise updates from Bombay Stock Exchange:
BSE Metal Index closed down by 2.03 percent, the BSE Power Index was down 1.41 percent and the BSE Capital Goods Index declining by 0.91 percent. The BSE FMCG Index was however up by 0.41 percent and the BSE IT Index gained 0.28 percent today.
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