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Today looked like a bad day for major Indian stock indices including BSE's SENSEX and National Stock exchange's nifty with both indices closing in red by over 1.5 percent today.
Short term investors sold their stocks thus booking profits in recently outperforming sectors such as banks after global risk aversion hammered Asian shares. The euro zone crises and spain bailout is haunting minds of global stock investors thus keeping Indian stock market rise in check and timely corrections.
The 30 component BSE's Sensex ended at 16,877.35, down 281.09 points or 1.64 per cent. It touched a high of 17,047.73 and a low of 16,849.28 in trade today.
The 50-share NSE Nifty closed at 5,117.95, down 87.15 points or 1.67 per cent. It touched a high of 5,164.20 and a low of 5,108.10 in trade today.
Short term investors sold their stocks thus booking profits in recently outperforming sectors such as banks after global risk aversion hammered Asian shares. The euro zone crises and spain bailout is haunting minds of global stock investors thus keeping Indian stock market rise in check and timely corrections.
The 30 component BSE's Sensex ended at 16,877.35, down 281.09 points or 1.64 per cent. It touched a high of 17,047.73 and a low of 16,849.28 in trade today.
The 50-share NSE Nifty closed at 5,117.95, down 87.15 points or 1.67 per cent. It touched a high of 5,164.20 and a low of 5,108.10 in trade today.
