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Wednesday, January 28, 2015

Bears overpower bulls finally as Indian stock markets end in red

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(28-1-2015 LiveBombayStockExchange) - Finally ! bullish stock market sentiments ended at Indian stock markets as benchmark stock indices including BSE SENSEX and NSE'S NIFTY closed the day in red. Stocks from Capital Goods, Auto sector saw heavy
selling today while Oil and gas and technology stock ended higher today.

BSE SENSEX index closed today at 29,547.63, down 23.41 points. However the most watched index touched an all-time high of 29,786.32 during the day's trade. Broader index NSE's NIFTY ended the day at 8907.90 pts, down by 2.60 pts. The index also reached and all time high of 8985.05 today during intraday trading today.

Indian stock markets witnessed a very volatile trading day today as different indices behaved unexpectedly different from each other, At BSE Midcap index ended the day in green while BSE's Smallcap index declined by 0.54 percent today. BSE Metal index cna Capital Goods index ended in red by nearly 1.5 percent while AUto index declined by 0.76 percent today.

Market breadth remained negative at BSE as there were 1124 advances and over seventeen hundred decline at end of the day. Stock indices which saw some purchasing activity included BSE's IT index, BSE Oil and Gas index and BSE healthcare index. Today's volatility was somewhat expected as traders booked profits from 8 days of bull run at Indian Stock markets. Stocks of Bharti Airtel fell the most followed by SESAGOA, Tata motors, LnT in that order.

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