Indian benchmarks opened lower today on the back of caution ahead of the election results tomorrow. The anxiety and uncertainty about the outcome of assembly elections is forcing most of the market players to take a measured approach for the time being. Another factor that is keeping investors on the back foot is the consistently high oil prices and the talk of a fuel price hike post the state elections. Nifty is seen trading at 5307 with a loss of 54 points while Sensex is trading with a loss of 180 points at 17458. Sectorally, all the 13 sectoral indices on BSE are seen trading in red. Metal, Banking, Capital Goods and PSU are leading the list of declines with over one percent losses. Market breadth is weak and one stock is seen advancing against every two declines.
(Pic. Source- bseindia.com)
No comments:
Post a Comment